E3-7 the ledger of perez rental . Agency in March 31 of the current year include the selected accounts shown below before adjusting entries have been prepared

1) Debit Depreciation expenses for $1,200; and Credit Accumulated depreciation for $1,200.

2) Debit Unearned Rent Revenue for $3,400; and Credit Rent Revenue for $3,400.

3) Debit interest expenses for $500; Credit Interest payable for $500.

4) Debit Supplies expenses a/c for $1,900; and Credit Cost of goods sold for $1,900.

5) Debit Insurance expense for $600; Credit Insurance prepaid for $600.

Step-by-step explanation:

Note: This question is not complete. The complete question is therefore provided for answering the question. See the attached pdf file for the complete question.

The explanation to the answer is now provided as follows:

The adjusting entries at March 31 will look as follows:

Perez Rental Agency

Date        Accounts Name                                         Dr($)            Cr($)    

Mar 31    Depreciation exp. ($400 * 3monts)           1,200

                Accumulated depreciation                                          1,200

             (To record depreciation expenses.)                                              

Mar 31     Unearned Rent Revenue                           3,400

                 Rent Revenue (1/3 * $10,200)                                    3,400

              (To record earned unearned rent revenue.)                                

Mar 31   Interest  expenses a/c                                    500

               Interest payable                                                              500

              (To record accrued interest on note payables.)                      

Mar 31    Supplies  expenses a/c ($2,800 - 900)      1,900

                 Supplies on hand                                                       1,900

              (To record supplies expenses.)                                                    

Mar 31     Insurance exp. ($200 * 3 months)               600

                 Prepaid insurance                                                         600

               (To record expired prepaid insurance.)                                      

yess

step-by-step explanation:

idk whyy this is happening, i cant even read my notification bc i keep getting errors

~coco