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The unadjusted trial balance for Tilton electronics company at March 31, 2018 follows. prepare Tiltons adjusted trial balance as of March 31, 2018 * Requirements
The unadjusted trial balance for Tilton electronics company at March 31, 2018 follows. prepare Tiltons adjusted trial balance as of March 31, 2018 * Requirements Journalize the adjusting entries using the following data: a. Interest revenue accrued, $550. b. Salaries (Selling) accrued, $2,400. C. Depreciation Expense-Equipment (Administrative), $1,305. d. Interest expense accrued, $1,800. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,400. f. Tilton estimates that approximately $5,500 of merchandise sold will be returned with a cost of $2,200. 2. Prepare Tilton Electroncs's adjusted trial balance as of March 31, 2018. 3. Prepare Tilton Electroncs's multi-step income statement for year ended March 31, 2018 Drint L one 1 Data Table Tilton Electroncs Company Unadjusted Trial Balance March 31, 2018 Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Balance Debit Credit 6,000 38,000 45,850 6,400 130,500 37,300 16,300 13,700 44,000 35,000 7,550 Print Done 6,400 130,500 37,300 16,300 13,700 44,000 Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Salaries Expense (Selling) Rent Expense (Selling) Salaries Expense (Administrative) 35,000 7,550 18,000 292,000 144,000 25,700 15,700 5,500 10,200 Utilities Expense (Administrative) $ 445,850 $ 445,850 Total Print Done
The unadjusted trial balance for Tilton electronics company at March 31, 2018 follows. prepare Tiltons adjusted trial balance as of March 31, 2018
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