Problem 5-4A Adjusting entries and multi-step income statement-perpetual LO5 Use the unadjusted trial balance of Electric Bike on December 31, 2020. Cash Accounts receivable Merchandise inventory Debit Credit $ 8,800 23,365 35,300 Store supplies 2,765 Office supplies 845 Prepaid insurance 3,955 Equipment 82,190 Accumulated depreciation, equipment $ 14,355 Accounts payable 8,700 Salaries payable Braeden Li, capital 181,215 Braeden Li, withdrawals 65,500 Interest income 380 Sales 532,500 Sales returns and allowances 5,770 Cost of goods sold 381,860 Salaries expense 97,000 Rent expense 29,800 Supplies expense 0 Depreciation expense, equipment 0 Insurance expense Totals $737,150 $737,150