Your answer is partially correct. Try again. Journalize the following adjustments. (Credit account titles are automatically indented when the account titles and enter o for the amounts.) 1. Services performed but unbilled and uncollected at March 31 was $210. 2. Depreciation on equipment for the month was $270. 3. One-sixth of the insurance expired. 4. An inventory count shows $300 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,140. 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. Sr. Date Account Titles and Explanation Debit Credit 1. Mar. 31 Accounts Receivable 210 Service Revenue 2. Mar. 31 Maintenance and Repairs Expense Accumulated Depreciation Equipment 3. Mar. 31 insurance Expense 3. Mar. 31 Insurance Expense Prepaid Insurance 400 4. Mar. 31 Supplies Expense Supplies 1820 5. Mar. 31 Salaries and Wages Expense JOHUSTATO JUHUHUDI Accounts Receivable 6. Mar. 31 Rent Expense 1 Prepaid Rent 500 7. Mar. 31 Interest Expense 6600 Notes Receivable 6600 SHOW LIST OF ACCOUNTS SHOW SOLUTION Solution CLOSE pen Accounting Cycle Review 4-02 a-i (Part Level Submission) 3. Mar. 31 Prepaid Insurance = ($2,400 = 6) = $400 4. Mar. 31 Supplies = ($2,120 - $300) = $1,820 6. Mar. 31 Prepaid Rent = ($1,500 + 3) = $500 7. Mar. 31 Interest Payable = ($6,600 x .06 x 1/12) = $33 ole (e) Post adjusting entries to the T-accounts. 3/1 3/1 3/21 Cash 15,900 3/1 6,600 3/2 1,700 3/3 3/18 3/20 3/31 3/31 8,090 Accounts Receivable 3,920 3/21 4,450 8,500 1,500 2,400 530 1,860 370 950 3/31 Bal. 1,700 3/14 3/28 Supplies 2,120 3/6 1,500 Supplies 2,120 3/6 Prepaid Rent 1,500 Prepaid Insurance 2,400 Equipment 8,500 8,500 Accumulated Depreciation Equipment 3/31 Bal Notes Payable 3/1 6,600 6.600 3/31 Bal. 6,600 3/18 3/31 Bal. Accounts Payable 530 3/6 3/31 Bal. Salaries and Wages Payable 2,120 1,590 Interest Payable Owner's Capital 3/1 3/31 Bal. Owner's Drawings 950 15,900 15,900 3/31 Service Revente |3/14 3,920 3/28 4,450 Maintenance and Repairs Expense 3/31 370 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 3/20 1,860 Rent Expense Interest Expense SHOW LIST OF ACCOUNTS