- Graded homework #5 Seved Help Save & Eat Submit Use the unadjusted trial balance of Electric Bike on December 31, 2020, Cash Accounts receivable Merchandise inventory Store supplies office supplies Prepaid insurance Iquipment Accumulated depreciation, equipment Accounts payable Salarios payable Draeden Li, capital Braeden Li, withdrawala Interest income Sales Sales returns and allowancen Cost of goods sold Salaries expense Hent expense Supplies expense Depreciation expense, equipment Insurance expense Totala Debit Credit 7,500 22.065 34,000 2,115 935 4,855 67,890 $ 13,055 7.400 0 166.885 59.000 250 $26.000 4.470 380,560 95, 700 28,500 O 0 0 $707,590 707,590 Required: 1. Record adjusting entries for the following information a. The records show that the equipment was estimated to have a total estimated useful ife of 10 years with a residual value at the end of its life of $13.890. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $335 was unused at December 31, 2020 c. A review of the store supplies on December 31, 2020, revealed a balance on hand of $1820; a similar examination of the office supplies showed that $720 had been used MacBook Pro