The ledger of Villa Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. An analysis of the accounts shows the following. 1. The equipment depreciates 300 per month. 2. One-third of the unearned rent revenue was recognized as revenue during the quarter. 3. Interest of 370 is accrued on the notes payable. 4. Supplies on hand total 540. 5. Insurance expires at the rate of 600 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the adjusting entries at March 31 , assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)