Financial chapter 5 Learning Objectives 4,5 P-F:5-38A Journalizing adjusting entries, preparing adjusted trial balance, and preparing multi-step income statement 2. Total Credits $463,945 The unadjusted trial balance for Tiger Electronics Company at March 31, 2004, follow TIGER ELECTRONICS COMPANY Unadjusted Trial Balance March 31, 2024 Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Notes Payable, long-term Tiger Capital Tiger, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Salaries Expense (Selling) Rent Expense (selling) Salaries Expense (Administrative) Utilities Expense (Administrative) Total Balance Debit 5 15,000 38,700 46,250 5,700 129,500 536,500 15,900 13,500 43,000 43,050 23.000 305,750 250 141,000 28,000 15,200 5,600 10,000 $ 457,950 $ 457,950 Requirements 1. Journalize the adjusting entries using the following data a. Interest revenue accrued, $500. b. Salaries (Selling) accrued, $2,400. c. Depreciation Expensc-Equipment (Administrative), 51,295. d. Interest expense accrued, $1,800. e. A physical count of inventory was completed. The ending Merchandise Inven- tory should have a balance of $46,000. f. Tiger estimates that approximately $4,500 of merchandise sold will be returned with a cost of $1,800. 2. Prepare Tiger Electronics' adjusted trial balance as of March 31, 2024. 3. Prepare Tiger Electronics' multi-step income statement for year ended March 31, 2024