The ledger of Duggan Rental Agency on March of the current year includes the following selected accounts before adjusting entries have been prepared.
tableDebit,CreditPrepaid Insurance,$SuppliesEquipmentAccumulated DepreciationEquipment,$Notes Payable,Unearned Rent Revenue,Rent Revenue,Interest Expense,Salaries and Wages Expense,,
An analysis of the accounts shows the following.
The equipment depreciates $ per month.
