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Business, 07.10.2019 19:00 223103

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 credit prepaid insurance $3,816 supplies 2,955 equipment 25,530 accumulated depreciation-equipment $8,094 notes payable 18,730 unearned rent revenue 8,880 rent revenue 55,860 interest expense –0– salaries and wages expense 15,050 an analysis of the accounts shows the following. 1. the equipment depreciates $249 per month. 2. one-third of the unearned rent was recognized as revenue during the quarter. 3. interest of $480 is accrued on the notes payable. 4. supplies on hand total $701. 5. insurance expires at the rate of $318 per month. 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 0 for the amounts.)

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The ledger of tamarisk rental agency on march 31 of the current year includes the following selected...

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