Problem 5-4A Adjusting entries and multi-step income statement-perpetual LO5 Use the unadjusted trial balance of Electric Bike on December 31, 2023. Required: 1. Record adjusting entries for the following information. 0. The records show that the equipment was estimated to have a total estimated useful iffe of 10 years with a residual value at the end of its life of $13,690. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $345 was unused at December 31,2023 c. A review of the store supplies on December 31,2023 , revealed a balance on hand of $1,760; a similar examination of the office supplies showed that $730 had been used. d. Accrued salaries payable, $1.400 e. A count of the merchandise inventory revealed a balance on hand December 31,2023 , of $33,080