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. Debit Credit Prepaid Insurance 3,000 Supplies 3,500 Equipment 26,400 Accumulated Depreciation Equipment 8,400 Notes Payable 20.000 Unearned Rent Revenue 9,900 Rent Revenue 59,000 Interest Expense 0 Salaries and Wages Expense 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates 500 per month. 2. One-third of the unearned rent revenue was recognized as revenue during the quarter. 3. Interest of 540 is accrued on the notes payable. 4. Supplies on hand total 740. 5. Insurance expires at the rate of 300 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically 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.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31