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The ledger of Sunland Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared Debit
The ledger of Sunland Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared Debit Credit $ 10,800 3.200 25,000 $8.800 Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 22.000 9.300 62.000 0 18.000 An analysis of the accounts shows the following 1 2 3 The equipment depreciates 5400 per month One-third of the unearned rent revenue was earned during the quarter interest of 5550 should be accrued on the notes payable Supples on hand total 5760 Insurance expires at the rate of 5900 per month 4 5 Prepare the adjusting entre a March 31, assuming that adjusting entries are made quarterly Additional accounts are Depredation Experiencarance Experte Interest Payable, and Supplies Expense List ail debit entries before credit entries Credit account title are automatically indented when the amount is entered. Do not indent manually.)
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