there you go

TAN OFF Pk PROF. ARIAS An analysis of the accounts shows the following 1. The equipment depreciates $225 per month 2 34.800 of the balance in the unearned rent revenue account remains uneared af the end of the period. 3. The notes payable pays interest at a rate of 6% per year 4. Supplies on hand total $1,400 5. The company paid $4,200 on January 1 for a 2 year insurance policy 6. Services performed but unrecorded totaled $1,200 7. Employees earn $300 per day. Three days salaries are unpaid at March 31. Instructions: Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. General Journal Date Account titles & explanation Ref. Debit Credit 125000 25000 PROBLEM 2. (18 PTS The ledger of Hager Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Account titles Prepaid Insurance Supplies 4.200 3,400 30,000 Accumulated Depreciation-Equipment $ 10,800 Notes Payable 20.000 Unsaned Rent Revenue 10.800 Rent Revenue 60,000 Salaries & Wages Expense 14.000