wilypus, CH3, Adjusting the Accounts

DUVET07001 Question 6 View Polides Current Attempt in Progress The ledger of Deng Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared: Credit Debit $5,640 4,700 30,500 Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Revenue Rent Revenue Interest Expense Salaries Expense $11.280 26,000 10.200 40.800 0 20.500 An analysis of the accounts shows the following: 1. The equipment depreciation is $470 per month 2 Services relating to one half of the unearned revenue was earned during the quarter 3. Supplies on hand total $910 4. Insurance expires at the rate of $470 per month Prepare the adjusting entries at March 31, assuming adjusting entries are made quarterly and that Deng has a December 31 year end. (Credit account titles are automatically indented when Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit No. Account Titles and Explanation Salaries Expense 20.500 An analysis of the accounts shows the following: 1. The equipment depreciation is $470 per month 2 Services relating to one half of the unearned revenue was earned during the quarter. 3. Supplies on hand total $910. 4. Insurance expires at the rate of $470 per month Prepare the adjusting entries at March 31, assuming adjusting entries are made quarterly and that Deng has a December 31 year end. (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 for the amounts) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. lintaf arcounts Automotsofused Submit