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PLEASE HELP ME ASAP!!!! BEGGING YOU!!! Yes, it's only one problem, but there are three requirements. (2) Prepare the entry for the estimated return of
PLEASE HELP ME ASAP!!!! BEGGING YOU!!! Yes, it's only one problem, but there are three requirements.
(2) Prepare the entry for the estimated return of merchandise. Requirement 2. Prepare Thomas Electronics' adjusted trial balance as of March 31, 2024. Data table Review the adjusted trial balance from Requirement 2. Thomas Electronics Company Income Statement Year Ended March 31, 2024 Net Income (Loss) Ac b. Salaries (Selling) accrued, $3,100. 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $100. b. Salaries (Selling) accrued, $3,100. c. Depreciation Expense-Equipment (Administrative), \$1,315. d. Interest expense accrued, $1,300. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,900. f. Thomas estimates that approximately $7,000 of merchandise sold will be returned with a cost of $3,500. 2. Prepare Thomas Electronics' adjusted trial balance as of March 31,2024. 3. Prepare Thomas Electronics' multi-step income statement for year ended March 31, 2024. c. Depreciation Expense-Equipment (Administrative), \$1,315. d. Interest expense accrued, $1,300Step by Step Solution
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