Exercise 4-9 A partial tabular summary for Concord Corporation on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Assets Liabilities + Stockholders' Equity Acc. Depr.- Int. Unearn. Rent Com. Reatined Earnings Supplies + Prepaid Insurance + Equip. - Equip. = Pay. + Notes Pay. + Rev. + Stock + Rev. - Exp. - Div Bal. 3,560 2,790 25,800 -7,740 0 21,900 10,800 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $270 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $450 is accrued on the notes payable. Supplies on hand total $880. Insurance expires at the rate of $310 per month. Int 4. 5. Prepare a tabular summary to record adjustments at March 31, assuming that adjustments are made quarterly. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Rev. - Exp. - dig + Prepaid Insurance 2,790 + Com. Stock Int. Pay. = Acc. Depr.- - Equip. -7,740 + Supplies Bal. 3,560 + Div + Unearn. Rent Rev. 10,800 Equip. 25,800 + Notes Pay. 21,900 0 (270)