The ledger of Lafayette, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.An analysis of the accounts shows the following.1. Insurance expires at the rate of $300 per month.2. Supplies on hand total $1,400.3. The equipment depreciates $200 per month.4. 2/5 of the unearned service revenue was recognized in March.Prepare the adjusting entries for the month ofMarch.
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The ledger of Lafayette Inc on March 31 2014 includes

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