CHAPTER 5 HOMEWORK Pervious 1 2 Next Problem 2 : P5-37A Background: Truder Electronics Company's March transactions resulted in the unadjusted Tral Balance that is included in the Reports tab. Adjustment data needed for the month at March 31, 2018 is included in the Transactions Section below Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each adjusting entry needed. Click Post Transaction once you complete the entry, then repeat these steps for each additional adjusting entry 2) Click the Reports tab and review the adjusted Trial Balance generated as a result of preparing the adjusting entries in Requirement 1. 3) Under the Reports tab, review the merchandiser's Income Transactions: 03/31/2018 Interest revenue accrued, $200. 03/31/2018 Salaries of sales staff accrued, $2,300 03/31/2018 Depreciation expense on administrative equipment, 51,300. 03/31/2018 Interest expense accrued, $1,500. 03/31/2018 A physical count of inventory was completed. It resulted in balance in Merchandise Inventory of $45,200. SAVE WORK RISET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CURT OF ACCOUNTS GENERAL JOURNAL Date No transactions in Journal Accounts Debit Credit Closing Entry ADO TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS st Score: pes Transactions: 03/31/2018 Trudel estimates that approximately $6,000 of merchandise sold will be returned (cost, $1,200). Prepare two separate entries for this justment 03/31/2018 Closing Entry 1) Close all revenue accounts (compound entry) 03/31/2018 Closing Entry 2) Close all expense account (compound entry) 03/31/2018 Closing Entry 3) Close the Income Summary account omework -JAA (0.68/ Save WORK Reset Resurs SUBMIT WORK Transactions: djustment. 03/31/2018 (Closing Entry 1) Close all revenue accounts (compound entry). 03/31/2018 (Closing Entry 2) Close all expense account (compound entry). 03/31/2018 Closing Entry 3) Close the Income Summary account. 03/31/2018 (Closing Entry 4) Close the withdrawals account