sting entries from selectedInstructions:

For each item, indicste $(1)$the type of adjustment $($prepaid expense, unearned revenue, accured revenue, or accured expense$)$ amd $(2)$the status of the accounts before adjustment $($overstated or understated$)$

E$4\mathrm{.}10($LO $2,3),$ AP The ledger of Howard Rental Agency on March $31$ of the current year includes the selected accounts below before adjusting entries have been prepared.

$\backslash$table$[[,$Debit,Credit$],[$Supplies$,$$$3,000,],[$Prepaid Insurance,$3,600,],[$Equipment$,25,000,],[$Accumulated Depreciation$-$Equipment,,$$8,400$

An analysis of the accounts shows the following:

$1.$ The equipment depreciated $$280$ per month

$2.$ Half of the unearned rent revenue was earned during the quarter

$3.$ Interest of $$400$ is accrued on the noted payabke

$4.$ Supplies on hand total $$850$

$5.$ Insurance expires at the rate of $$400$ per month