Thomas Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Thomas Electronics Company at March 31, 2018, 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, $350. Date Accounts and Explanation Debit Credit Mar. 31 Adj. (a) b. Salaries (Selling) accrued, $2,900. Date Accounts and Explanation Debit Credit Mar. 31 Adj. (b) (10) Accounts Payable Accounts Rar- Date Accounts and Explanation Debit Credit Mar. 31 Adj. (2) (35) Requirement 2. Prepare Thomas Electronics' adjusted trial balance as of March 31, 2018 Review the adjusting entries you prepared in Requirement 1. Thomas Electronics Company Adjusted Trial Balance March 31, 2018 Account Title (36) Balance Debit (48) (49) (50) 52) 54 (55) (56) (57) (58) (60) (61) Total Requirement 3. Prepare Thomas Electronics' multi-step income statement for year ended March 31, 2018 (Enter Selling Expenses before Administrative Expenses. Use a minus sign of parentheses to show other expenses.) Review the adjusted trial balance from Requirement 2 Thomas Electronics Company Income Statement Year Ended March 31, 2018 165) (69) (70) (73) (79) (80) Net Income (Loss) 4: Data Table 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $350. b. Salaries (Selling) accrued, $2,900. c. Depreciation Expense-Equipment (Administrative), $1,340. d. Interest expense accrued, $2,000. e. A physical count of inventory was completed. The ending Merchandise Inventory should have balance of $45,900. Thomas estimates that approximately $8,000 of merchandise sold will be returned with a cost of $4,000. 2. Prepare Thomas Electronics's adjusted trial balance as of March 31, 2018. 3. Prepare Thomas Electronics's multi-step income statement for year ended March 31, 2018 (1) O O Accounts Payable O Accounts Receivable Accumulated Depreciation Equipment O Cash Dividends O Common Stock Equipment O Cost of Goods Sold O Estimated Returns Inventory O Depreciation Expense-Equipment (Administrative) Interest Expense O Interest Payable Notes Payable, long-term O Retained Earnings O Interest Receivable Office Supplies O Salaries Expense-Administrative Interest Revenue Refunds Payable Salaries Expense-Selling O Merchandise Inventory O Rent Expense-Selling O Salaries Payable O Sales Revenue Unearned Revenue Utilities Expense-Administrative