Answer Happy

n.wiley.com/was/ui/v2/assessment-player/index.html?launchid=3a71ee9e-d75c-4f19-8b38-26a608f28ad5#/question/15 pters 4,5 & 6 estion 16 of 20 he ledger of Blossom Rental Agency on March 31 of the current year includes the following selected accounts before adjusting ntries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit $4,320 i 3,600 32,000 0 16,000 Credit $10,080 20,000 -/10 E 8,880 72,000 79°F Mostly cloudy
Question 16 of 20 An analysis of the accounts shows the following. 1. The equipment depreciates $480 per month. 2. Two-thirds of the unearned rent revenue was earned during the quarter. 3. The note payable is dated January 1 and bears 12% interest. 4. Supplies on hand total $640. 5. The insurance policy is a two-year policy dated January 1. (a) 4 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (List all debit entra entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles indented when the amount is entered. Do not indent manually.)