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S The ledger of Lafayette, SA on March cludes the following selected accounts before adjusting entries. Debit Credit 2,657 Prepaid Insurance Supplies Equipment Unearned Service Revenue 9,800 An analysis of the accounts shows the following. 1. Insurance expires at the rate of CHF2.0 per month. 2. Supplies on hand total CHF1,150. 3. The equipment depreciates CHF472 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is ent No. Account Titles and Explanation Debit Credit (To record insurance expired) (To record supplies used) (To record monthly depreciation) Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the No. Account Titles and Ex nation Debit Credit (To record insurance expired (To record supplies used) (To record monthly depreciation) (To record revenue for services performed) Do It! Review 3-2 The ledger of Lafayette, SA on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Prepaid Insurance Supplies Equipment Unearned Service Revenue Debit 2,657 3,424 30,072 9,800 An analysis of the accounts shows the following. 1. Insurance expires at the rate of CHF247 per month 2. Supplies on hand total CHF1,150. 3. The equipment depreciates CHF472 per month 4. During March, services were performed for two-fifths of the uneared service revenue. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the entered. Do not indent manually.)

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