On March 31, 2015, Easy Rental Agency Inc.'s trial balance included the following unadjusted account balances. The company's year end is December 31 and it adjusts its accounts quarterly.

An analysis of the accounts shows the following:
1. The equipment, which was purchased on January 1, 2014, is estimated to have a useful life of four years.
2. One-third of the unearned rent revenue is still unearned at the end of the quarter.
3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid March 1, 2015.
4. Supplies on hand total $850 at March 31.
5. The one-year insurance policy was purchased for $14,400 on January 1.
6. Income tax is estimated to be $3,200 for the quarter.
Instructions
Prepare the quarterly adjusting entries required at March 31, 2015.

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Debit $14,400 2,800 21,600 Credit Prepaid insurance Equipment Accumulated depreciation-equipment Unearned revenue Loan payable Rent revenue Salaries expense 5,400 9,600 20,000 30,000 14,000