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The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared.

		Debit		Credit
Prepaid Insurance		$ 14,400
Supplies		2,900
Equipment		31,250
Accumulated DepreciationEquipment				$ 8,100
Notes Payable				25,000
Unearned Rent Revenue				9,600
Rent Revenue				62,000
Interest Expense		0
Salaries and Wages Expense		17,000

An analysis of the accounts shows the following.

1.		The equipment depreciates $500 per month.
2.		One-third of the unearned rent revenue was earned during the quarter.
3.		Interest of $625 is accrued on the notes payable.
4.		Supplies on hand total $950.
5.		Insurance expires at the rate of $800 per month.

Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are: Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Mar. 31
2.	Mar. 31
3.	Mar. 31
4.	Mar. 31
5.	Mar. 31

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