Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-09 The ledger of Tamarisk, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $5,700 Prepaid Insurance 6,840 Equipment 47,500 Accumulated Depreciation--Equipment $15,960 Notes Payable 38,000 Unearned Rent Revenue 23,560 Rent Revenue 114,000 Interest Expense Salaries and Wages Expense 26,600 An analysis of the accounts shows the following. The equipment depreciates $532 per month 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $760 is accrued on the notes payable. 4. Supplies on hand total $1,615. 5. Insurance expires at the rate of $760 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 0 1. MacBook Air Kimmel, Accounting, 7e Her System Announcements CALCULATOR PRINTER VERSION