View Policies Current Attempt in Progress The ledger of Sandhill Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Uneamed Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $16.200 3.600 25,000 $8,600 21.000 10,800 61.000 18,000 An analysis of the accounts shows the following One-third of the unearned rent revenue was eamed during the quarter 1. The equipment depreciates $400 per month 2. 3. Interest of $525 is accrued on the notes payable 4. Supplies on hand total $920 5. Insurance expires at the rate of $900 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 and Explanation 1 Mar. 31 2. Mar. 31 3 Mar. 31 4. Mar. 31 5. Mar. 31 eTextbook and Media List of Accounts Save for Lar Debit Credit Attempts: 0 of 3used Sulbect Aymour