Current Attempt in Progress The ledger of Larkspur, Inc. on March 31, 2025, includes the following selected accounts before adjusting entries. Debit Credit Supplies $4,100 Prepaid Insurance 2,240 Equipment 25,500 Unearned Service Revenue $12,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $280 per month. 2. Supplies on hand total $960. The equipment depreciates at $170 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. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation 1. Debit Credit

Century 21 Accounting Multicolumn Journal
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Chapter14: Accounting For Uncollectible Accounts Receivable
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Current Attempt in Progress
The ledger of Larkspur, Inc. on March 31, 2025, includes the following selected accounts before adjusting entries.
Debit
Credit
Supplies
$4,100
Prepaid Insurance
2,240
Equipment
25,500
Unearned Service Revenue
$12,300
An analysis of the accounts shows the following.
1.
Insurance expires at the rate of $280 per month.
2.
Supplies on hand total $960.
The equipment depreciates at $170 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. (List all debit entries before credit entries. If no entry is required, select "No Entry" for
the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent
manually)
No. Account Titles and Explanation
1.
Debit
Credit
Transcribed Image Text:Current Attempt in Progress The ledger of Larkspur, Inc. on March 31, 2025, includes the following selected accounts before adjusting entries. Debit Credit Supplies $4,100 Prepaid Insurance 2,240 Equipment 25,500 Unearned Service Revenue $12,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $280 per month. 2. Supplies on hand total $960. The equipment depreciates at $170 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. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation 1. Debit Credit
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