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WileyPLUS: MyWileyPLUS | Help | Contact U Weygandt, Accounting Principles, Seventh Canadian Edition, Volume 1, Custom Course for Seneca College Accounting I (ACC103/104 & STANDARD VIEW PRINTER VERSION BACK The general ledger of the Bridgeport Company on March 31, 2017 includes the following selected accounts before adjusting entries have been prepared: Debit Credit Accounts Receivable $15,450 Prepaid Insurance 4,220 Supplies 2,270 Equipment 26,300 Accumulated Depreciation-Equipment $8,920 Notes Payable 20,800 Service Revenue 51,300 Salaries Expense 17,000 Telephone Expense 1,360 An analysis of the accounts shows the following: 1. Accounts due from customers but not yet billed total $1,100 2. The note payable is a two-year note and has an interest rate of 6%. It was issued on July 1, 2016 and the interest is due at the beginning of each quarter; the next interest payment is due April 1. 3. The telephone bill has not yet been received for the month. It is estimated that $260 is owed for the month (Use Accounts Payable). Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit Accounts Receivable 1100 Service Revenue 1100 Interest Expense Interest Payable No Entry SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 1 of 3 used REPEAT QUESTION WITH NEW VALUES MacBook Air