Question: View Policies Current Attempt in Progress A partial tabular summary of transactions for Shamrock, Inc. on March 3 1 , 2 0 2 2 ,
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A partial tabular summary of transactions for Shamrock, Inc. on March includes the following accounts before adjustments.
tableAssetstableStockholders' EquitySuppliestablePrepaid Insur.Equip.,tableAcc Depr.EquipRev.,Exp.
An analysis of the accounts shows the following.
Insurance expires at the rate of $ per month.
Supplies on hand total $
The equipment depreciates $ per month.
During March, services were performed for twofifths 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.
tableAssets,,Supplies,,Prepaid Insurance,Equip.,tableAcc Depr:EquipUnadj Bal.,,
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