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Taylor Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Taylor Electronics Company at March 31, 2024, follows: (Click the icon to

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Taylor Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Taylor Electronics Company at March 31, 2024, follows: (Click the icon to view the unadjusted trial balance.) Read the requirements. Requirement 1. Journalize the adjusting entries using the following data: (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Interest revenue accrued, $200. Data table Data table Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $200. b. Salaries (Selling) accrued, \$2,700. c. Depreciation Expense - Equipment (Administrative), $1,340. d. Interest expense accrued, $2,100. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,800. f. Taylor estimates that approximately $8,500 of merchandise sold will be returned with a cost of $3,400. 2. Prepare Taylor Electronics' adjusted trial balance as of March 31, 2024. 3. Prepare Taylor Electronics' multi-step income statement for year ended March 31, 2024

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