View Policies Current Attempt in Progress The ledger of Wildhorse Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $3,348 2,583 22,940 $8,172 18,030 3,600 64,620 -0- 13,670 An analysis of the accounts shows the following. 1. The equipment depreciates $259 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter. 3. Interest of $520 is accrued on the notes payable. 4. Supplies on hand total $640. 5. Insurance expires at the rate of $279 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 Expenses. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.)