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Credit Debit Cash $154,500 Prepaid Insurance 3,600 Supplies 28,800 Equipment 25,000 Notes Payable 120,000 Uneamed...

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Accounting

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Credit Debit Cash $154,500 Prepaid Insurance 3,600 Supplies 28,800 Equipment 25,000 Notes Payable 120,000 Uneamed Rent Revenue 12,000 Retained Earnings 30,000 Rent Revenue 99.900 Wage Expense 50,000 261,900 261,900 An analysis of the accounts shows the following. 1. One-third of the uneamed rent was earned during the quarter 2. Supplies on hand total $1,550. 1 3. Insurance expires at the rate of $300 per month Instructions Prepare; 1. Adjusting entries at March 31, assuming that adjusting entries are made quarterly (6 points) 2. Adjusted trial balance after the adjustments (13 points) 3. Income statement, retained earnings statement and balance sheet (17 points) 4. Fill the work sheet accordingl (37 points) TOTAL 73 points - 100 Additional accounts are: Insurance Expense, and Supplies Expense

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