Prepare adjusting entries. Labs Debit Credit Supplies $14,400 Prepaid insurance 3,600 Equipment 37,800 Notebook Accumulated depreciation equipment $ 9,450 Unearned revenue 9,300 Notes payable 30,000 Rent revenue 30,000 Salaries expense 14,000 An analysis of the accounts shows the following: 1. The equipment has a four-year useful life. 2. One quarter of the unearned rent is still unearned on March 31, 2021. 3. The note payable has an interest rate of 6%. Interest is paid every June 30 and December 31. 4. Supplies on hand at March 31 total $850. 5. The one-year insurance policy was purchased on January 1, 2021. 6. As at March 31, a tenant owed Bourque $700 for the month of March. Instructions Prepare the quarterly adjusting entries required at March 31, 2021. Ad Boar AP During 2021. Aubergine Co. borrowed cash from Chartreuse Company by issuing notes payable as follows: Aa 4 BE3.11 (LO 3) AP Butternut Squash Company has the following two notes receivable at May 31, 2021, its fiscal year end: Notebook Iculate and record accrued interest. LADS. $50.000 six-month, 6% note issued January 1, 2021 2. $20,000 three-month, 5% note issued April 30, 2021 Interest is payable at maturity for both notes. a. Calculate the accrued interest on both notes at May 31, 2021. b. Prepare one adjusting journal entry to record the accrued interest on both notes