View Policies Current Attempt in Progress The ledger of Sunland, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Credit Prepaid Insurance Supplies Equipment Unearned Service Revenue Debit 2,300 2,800 30,200 9,100 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $300 per month. Supplies on hand total $1,500, The equipment depreciates $100 per month 4. During March, services were performed for two-fifths of the unearned service revenue, 2 3. Prepare the adjusting entries for the month of March (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Debit No. Credit Account Titles and Explanation Date Mar 31 1. Mar 31 To record insurance expired 2 Mar 31 To record supplies used a Mar 31 (To record monthly depreciation) Mar 31 To record revenue for services provided) e Textbook and Media