The ledger of Wildhorse Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Credit Debit $3,600 2,600 25,000 Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Uncarned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,700 21.000 10,800 62,000 0 20,000 An analysis of the ac the accounts shows the following 1 The equipment depreciates $400 per month. One-third of the unearned rent revenue was earned during the quarter, Interest of $525 is accrued on the notes payable 4 Supplies on hand total $590 5 Insurance expires at the rate of $200 per month 2 3. No. Date Account Titles and Explanation Debit Credit 1. Mr. 31 2 M 31 3 Mar 31 4 Mar 31 5 Mar. 39