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, $400. Date Mar. 31 Adj. (a) Accounts and Explanation Debit Credit Data table Account Title Taylor Electronics Company Unadjusted Trial Balance March 31, 2024 Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Revenue Notes Payable, long-term Taylor, Capital Taylor, Withdrawals Sales Revenue Sales Discounts Forfeited Balance Debit Credit 13,000 33,400 45,800 5,500 130,500 $ 37,800 16,900 13,600 45,000 42,150 19,000 294,000 850 Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $400. b. Salaries (Selling) accrued, $2,300. C. d. e. f. Depreciation Expense-Equipment (Administrative), $1,305. Interest expense accrued, $1,200. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,600. 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. Prepare Taylor Electronics' multi-step income statement for year ended March 31, 2024. 3