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The ledger of Sunland Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An
The ledger of Sunland Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts shows the following. 1. The equipment depreciates $336 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $480 is accrued on the notes payable. 4. Supplies on hand total $1,020. 5. Insurance expires at the rate of $480 per month. Question 2 of 5 16 No. Date ncoount Tities and Explanation 1 Mar. 31 . 2. Mar. 31 3. Mar. 31 4. 31 5. Mar. 31 eTextbook and Medla List of Accounts
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