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y Tools https// Return to board Kieso, Intermediate Accounting, 16e HeleI Svstem Announcements BACK The ledger of Tamarisk Rental Agency on March 31 of the
y Tools https// Return to board Kieso, Intermediate Accounting, 16e HeleI Svstem Announcements BACK The ledger of Tamarisk Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared Debit $3,912 2,576 23,910 Credit Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $6,799 19,490 4,650 64,390 15,370 An analysis of the accounts shows the following 1. The equipment depreciates $243 per month. 2. One-third of the unearned rent was earned as revenue during the quarter 3. Interest of $510 is accrued on the notes payable 4. Supplies on hand total $703. 5. 6 per month. Insurance expires at the rate of $32 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.) 10:38 PM 9/4/2018
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