Current Attempt in Progress

A partial tabular summary of transactions for Kingbird, Inc. on March $31,2022,$ includes the following accounts before adjustments.

$\frac{\text{A}\text{s}\text{s}\text{e}\text{t}\text{s}}{\frac{\text{P}\text{r}\text{e}\text{p}\text{a}\text{i}\text{d}}{2,200}+\frac{\text{I}\text{n}\text{s}\text{u}\text{r}\text{.}}{2,112}+\frac{\text{E}\text{q}\text{u}\text{i}\text{p}\text{.}}{26,400}-\frac{\text{E}\text{q}\text{u}\text{i}\text{p}\text{.}}{-4,224}}=\frac{\text{L}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}}{\text{S}\text{u}\text{n}\text{e}\text{a}\text{r}\text{n}\text{e}\text{d}}+\frac{\text{S}\text{t}\text{o}\text{c}\text{k}\text{h}\text{o}\text{l}\text{d}\text{e}\text{r}\text{s}\text{'}\text{E}\text{q}\text{u}\text{i}\text{t}\text{y}}{8,800}+$ Rev. $-$ Exp.

An analysis of the accounts shows the following.

Insurance expires at the rate of $$264$ per month.

Supplies on hand total $$792.$

The equipment depreciates $$176$ per month.

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 $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$

Assets

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