chapter 5 p5-37a

Save Homework: Chapter 5 Homework Score: 0 of 1 pt P5-37A (similar to) 4 of 5 (1 complete) HW Score: 0.17%, 0.01 of 5 pts Question Help Taylor Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Taylor Electronics Company at March 31, 2018, follows: (Click the icon to view the unadjusted inal balance) Read the Requirement 1. Journalize the adjusting entries using the following data (Record debits first then credits Select the explanation on the last line of the journal entry table) a Interest revenue accrued $550 Date Accounts and Explanation Debit Credit Mat 31 Choose from any list of enter any number in the input fields and then click Check Answer. 8 pars Clear All Check Answer Type here to search ot 11:22 PM Taylor Electronics Company Unadjusted Trial Balance March 31, 2018 Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Balance Debit Credit 12.000 38.000 45,600 5,500 133.000 35.700 15.900 13,100 46.000 56.600 25.000 294,000 149.000 21.500 15.900 Accounts Payable Unearned Revenue Notes Payable, long-term Taylor Capital Taylor Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense (Selling) Rent Expense (Selling) Salaries Expense (Administrative) Utilities Expense (Administrative) 4.800 11.000 461,300 $ 461,300 Total 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $550. b. Salaries (Selling) accrued, $2,900. c. Depreciation Expense-Equipment (Administrative). $1,330. d. Interest expense accrued, $1,800. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45.000. f. Taylor estimates that approximately $6.500 of merchandise sold will be returned with a cost of $3.900. 2. Prepare Taylor Electronics's adjusted trial balance as of March 31, 2018. 3. Prepare Taylor Electronics's multi-step income statement for year ended March 31, 2018