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Current Attempt in Progress The ledger of Bramble Corp. on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting
Current Attempt in Progress The ledger of Bramble Corp. on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries have been prepared. Credit Debit $ 7.200 3,300 Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable 18,750 $8,700 24,000 Unearned Rent Revenue 11,400 59,000 Rent Revenue interest Expense Salaries and Wages Expense 0 13,000 An analysis of the accounts shows the following 1. 2. The equipment depreciates $300 per month. One-third of the unearned rent revenue was earned during the quarter Interest totaling $600 is accrued on the notes payable for the quarter. 3 4. Supplies on hand total $810. 5. Insurance expires at the rate of $400 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly, Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles Debit Credit 1. Mar. 31 2 Mar. 31 3. Mar. 31 Mar. 31 5 Mar 31
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