The ledger of Hammond, Inc., on March 31, 2008, includes the following selected accounts before adjusting entries.
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Debit
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Credit
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Prepaid Insurance
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3,600
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Office Supplies
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2,800
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Office Equipment
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25,000
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Accumulated Depreciation-Office Equipment
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5,000
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Unearned Revenue
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9,200
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An analysis of the accounts shows the following:
1. Insurance expires at the rate of $100 per month.
2. Supplies on hand total $800.
3. The office equipment depreciates $200 a month.
4. One-half of the unearned revenue was earned in March.
Prepare the adjusting entries for the month of March.