Question: --/1.5 Question 1 View Policies Current Attempt in Progress A partial tabular summary of transactions for Teal Mountain Inc. on March 31, 2017, includes the

--/1.5 Question 1 View Policies Current Attempt in Progress A partial tabular summary of transactions for Teal Mountain Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr. Unearned Supplies + Prepaid Insurance + Equip. - Equip. - Serv. Rev Rev. - Exp. 2,690 2,320 34,500 -5,520 14,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $290 per month. 2. Supplies on hand total $950. 3. The equipment depreciates $230 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Stockholders' Equity Acc. Depr. Equip. Liabilities Unearned Serv. Rev Supplies + Prepaid Insurance + Equip. - Rev. Exp. Unadi. Bal. 2,690 2,320 34,500 -5,520 14,300 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adi. Bal
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