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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
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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answer must be in table format or i will give down vote

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.)
Transcribed Image Text: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.)
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