The ledger of Lefevour, Inc. on March 31, 2012, includes the following selected accounts before adjusting entries.

An analysis of the accounts shows the following.1. Insurance expires at the rate of $300 per month.2. Supplies on hand total $1,100.3. The equipment depreciates $500 per month.4. 2/5 of the unearned service revenue was earned in March.Prepare the adjusting entries for the month ofMarch.

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Credit Debit 2,400 2,500 30,000 Prepaid Insurance Supplies Equipment Uneamed Service Revenue 9,000