The ledger of Deng Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared...
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The ledger of Deng Rental Agency on March 31 of the current year includes the following selectedaccounts before adjusting entries have been prepared :`DebitPrepaid Insurance$4, 200CreditSupplies2. 690Equipment24. 500Accumulated Depreciation Equipment$ 8 , 160Notes Payable16 , 700Unearned Revenue9, 200{ Rent Revenue41 , 750Interest ExpenseO#` -Wages Expense19 , 900An analysis of the accounts shows the following :"1 . The equipment depreciation is $340 per monthaccount . )2. One - half of the unearned revenue was earned during the quarter ( Use Unearned Revenue*3 . Supplies on hand total $7304 . Insurance expires at the rate of $350 per month .Prepare the adjusting entries at March 3 1 , assuming adjusting entries are made quarterly and that Denghas a December 3 1 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 andenter O for the amounts . )We . Account Titles and Explanation Debit Creditglish ( Canada )|Track Changes : OffEEL\E EO\70`) ^ ^ ^D `` ` ENGTHE PIV
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