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Hello, could you please assist me with this problem? Trevor Electronics Company uses a perpetual inventory system. The unadjusted triat balance for Trevor Electronics Company
Hello, could you please assist me with this problem?
Trevor Electronics Company uses a perpetual inventory system. The unadjusted triat balance for Trevor Electronics Company at March 31,2018, follows: (Click the icon to yiew the unadjusted trial balance.) Read the Requirement 1. Journalize the adjusting entries using the following data: (Record debits first, then credits, Select the explanation on the last Ine of the joumal entry table.) a. Interest revenue accrued, $600. Data table Data table 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $600. b. Salaries (Selling) accrued, $2,700. c. Depreciation Expense-Equipment (Administrative), $1,335. d. Interest expense accrued, $2,100. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,900. f. Trevor estimates that approximately $9,000 of merchandise sold will be returned with a cost of $2,700. 2. Prepare Trevor Electronics's adjusted trial balance as of March 31, 2018. 3. Prepare Trevor Electronics's multi-step income statement for year ended March 31, 2018 Step by Step Solution
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