The ledger of Deng Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared: Debit Credit Prepaid Insurance $5,880 Supplies 4,900 Equipment 31,500 Accumulated Depreciation—Equipment $11,760 Notes Payable 27,000 Unearned Revenue 10,400 Rent Revenue 44,500 Interest Expense 0 Salaries Expense 21,500 An analysis of the accounts shows the following: 1

The ledger of Deng Rental Agency on March 31 of the current year includes the following selected

accounts before adjusting entries have been prepared:

Debit Credit

Prepaid Insurance $5,880

Supplies 4,900

Equipment 31,500

Accumulated Depreciation—Equipment $11,760

Notes Payable 27,000

Unearned Revenue 10,400

Rent Revenue 44,500

Interest Expense 0

Salaries Expense 21,500

An analysis of the accounts shows the following:

1. The equipment depreciation is $490 per month.

2. Services relating to one-half of the unearned revenue was earned during the quarter.

3. Supplies on hand total $930.

4. Insurance expires at the rate of $490 per month.

Prepare the adjusting entries at March 31, assuming adjusting entries are made quarterly and that

Deng has a December 31 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 and enter 0 for the amounts.)

No. Account Titles and Explanation Debit Credit

1.

2.

3.

4.