The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit
Supplies $9,000
Prepaid Insurance 10,800
Equipment 75,000
Accumulated Depreciation
—Equipment $25,200
Notes Payable 60,000
Unearned Rent Revenue 37,200
Rent Revenue 180,000
Interest Expense 0
Salaries and Wages Expense 42,000
An analysis of the accounts shows the following.
1. The equipment depreciates $840 per month.
2. Half of the unearned rent revenue was earned during the quarter.
3. Interest of $1,200 is accrued on the notes payable.
4. Supplies on hand total $2,550.
5. Insurance expires at the rate of $1,200 per month.
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.

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explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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