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View Policies Current Attempt in Progress The ledger of Crane Rental Agency on March 31 of the current year includes the following selected accounts before

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View Policies Current Attempt in Progress The ledger of Crane Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $4.432 Supplies 3,690 Equipment 32,800 Accumulated Depreciation-Equipment $10,332 Notes Payable 20.500 9,102 73,800 Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 0 16,400 An analysis of the accounts shows the following 1. The equipment depreciates $492 per month 2. Two-thirds of the unearned rent revenue was earned during the quarter. 3. The note payable is dated January 1 and bears 12% interest. 4 Supplies on hand total $656 5. The insurance policy is a two-year policy dated January 1, (a) Prepare the adjusting entries at March 31 assuming that adjusting entries are made quarterly List all debit entries before credit entries. If no entry is required, select "No Entry B 10:23 AM 7/4/2021 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Mar. 31 31 31 31 31 List of Accounts Safor Later Attempts Oaf 1 used Submit An (b) A The o 10:24 AM 7/8/2021 D

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