Business, 16.10.2020 14:01 djdkfkfkckmfmf7724

The ledger of Shamrock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Debit Credit
Supplies 3,990
Prepaid Insurance 2,240
Equipment 33,000
Unearned Service Revenue 13,900

An analysis of the accounts shows the following.

1. Insurance expires at the rate of $280 per month.
2. Supplies on hand total $980.
3. The equipment depreciates $220 per month.
4. During March, services were performed for two-fifths of the unearned service revenue.

Required:
Prepare the adjusting entries for the month of March.

Answers: 1

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The ledger of Shamrock, Inc. on March 31, 2022, includes the following selected accounts before adju...

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