The ledger of Umatilla Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

An analysis of the accounts shows the following
1. Insurance expires at the rate of $300 per month.
2. Supplies on hand total $900
3. The equipment depreciates $200 per month.
4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the months of March.

Transcribed Image Text:

Debit 2.500 2.400 30,000 Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue 10,000