Supplies Prepaid Insurance Equipment Unearned Service Revenue 2. 3. 4. Debit $2,940 2,240 33,000 Credit analysis of the accounts shows the following. $13,600 Insurance expires at the rate of $280 per month. Supplies on hand total $975. The equipment depreciates at $220 per month. During March, services were performed for two-fifths of the unearned service revenue. epare the adjusting entries for the month of March. (List all debit entries before credit entries. If no entry is required, select "No E e account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not inc anually.)
Supplies Prepaid Insurance Equipment Unearned Service Revenue 2. 3. 4. Debit $2,940 2,240 33,000 Credit analysis of the accounts shows the following. $13,600 Insurance expires at the rate of $280 per month. Supplies on hand total $975. The equipment depreciates at $220 per month. During March, services were performed for two-fifths of the unearned service revenue. epare the adjusting entries for the month of March. (List all debit entries before credit entries. If no entry is required, select "No E e account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not inc anually.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Supplies
Prepaid Insurance
Equipment
Unearned Service Revenue
1.
2.
3.
4.
n analysis of the accounts shows the following.
Debit
1.
$2,940
3.
2,240
4.
33,000
No. Account Titles and Explanation
Credit
repare the adjusting entries for the month of March. (List all debit entries before credit entries. If no entry is required, select "No Entry" for
he account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent
anually.)
$13,600
Insurance expires at the rate of $280 per month.
Supplies on hand total $975.
The equipment depreciates at $220 per month.
During March, services were performed for two-fifths of the unearned service revenue.
Debit
Credit
FACE
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