An analysis of the accounts shows the following. 1. Insurance expires at the rate of $288 per month. 2. Supplies on hand total $1,056. 3. The equipment depreciates at $480 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 entered. Do not indent manually.)

An analysis of the accounts shows the following. 1. Insurance expires at the rate of $288 per month. 2. Supplies on hand total $1,056. 3. The equipment depreciates at $480 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 entered. Do not indent manually.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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