a) Store supplies on hand at year-end b) Month's of insurance represented by balance in Prepaid insurance (insurance was in effect starting November 1, 2022) c) Estimated useful life of store equipment (years) Estimated resale value of equipment at the end of its life d) Merchandise inventory on hand October 31, 2023 Note: Rent and salaries expense are equally divided between the selling and administrative functions. \begin{tabular}{|l|l|l|l|} \hline Date & Account Titles & Debit & Credit \\ \hline 2023 & \multicolumn{2}{|l|}{} \\ \hline Dec. 31 & & & \\ \hline \end{tabular} 31 31 31 \begin{tabular}{|l|l|l|l|} \hline Date & Account Titles & Debit & Credit \\ \hline 2023 & \multicolumn{2}{|l|}{} \\ \hline Dec. 31 & & & \\ \hline \end{tabular} 31 31 31 Explain why Interest Expense is shown under Other revenues and expenses on the multiple-step income statement. (Place your answer on the sheet below. If you click near the middle of a sheet, a blinking cursor will appear in the upper left comer of the sheet. If you click on the curled portion of the sheet in the lower night comer, the sheet will be selected so that you can increase or decrease its size.) JOURNEY'S END COMPANY Work Sheet For the Year Ended October 31, 2023 Balance Sheet 8 Unadjusted Trial Balance Adjusted Trial Balance Statement of Adjustments