Debit Credit Supplies $ 13,600 Prepaid Insurance 3,440 Equipment Accumulated Depreciation-Equipment 37,760 $ 9,440 Unearned Revenue 9,200 Notes Payable 28,800 Rent Revenue 29,800 Salaries Expense...

Prepare Adjusting entries for March 31.

Adjustment 3 ) interest is paid semi annually June , December.

Answer with in 15 minutes for upvote or else no.

Extracted text: Debit Credit Supplies $ 13,600 Prepaid Insurance 3,440 Equipment Accumulated Depreciation-Equipment 37,760 $ 9,440 Unearned Revenue 9,200 Notes Payable 28,800 Rent Revenue 29,800 Salaries Expense 13,600 An analysis of the accounts shows the following: 1. The equipment has a four-year useful life. 2. One-quarter of the unearned rent is still unearned on March 31, 2021. 3. The note payable has an interest rate of 4%. Interest is paid every June 30 4. Supplies on hand at March 31 total $ 760. 5. The one-year insurance policy was purchased on January 1, 2021. 6. As at March 31, a tenant owed Bourque $ 600 for the month of March.