Trundy Electronics Company Adjusted Trial Balance March 31, 2024 $ Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Balance Debit Credit 11,000 33,400 45,600 6,300 134,000 $ 38,940 16,200 $ 14,000 40,000 45,000 17,150 27,000 283,000 550 Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Salaries Expense (Selling) Rent Expense (Selling) Salaries Expense (Administrative) Utilities Expense (Administrative) Interest Receivable Interest Revenue 143,700 30,200 15,000 5,300 10,600 100 100 100 3,200 1,340 Interest Revenue Salaries Payable Depreciation Expense-Equipment (Administrative) Interest Expense Interest Payable Estimated Returns Inventory Refunds Payable 1,200 1,200 3,600 9,000 $ $ 468,340 $ Total 468,340 Trundy Electronics Company Income Statement Year Ended March 31, 2024 Net Sales Revenue $ 283,000 143,700 Cost of Goods Sold Gross Profit 139,300 $ 30,200 15,000 Operating Expenses: Selling Expenses: Salaries Expense (Selling) Rent Expense (Selling) Total Selling Expenses Administrative Expenses: Salaries Expense (Administrative) Utilities Expense (Administrative) 45,200 5,300 10,600 5,300 Administrative Expenses: Salaries Expense (Administrative) Utilities Expense (Administrative) Depreciation Expense-Equipment (Administrative) Total Administrative Expenses 10,600 1,340 17,240 62,440 76,860 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense 100 (1,200) Total Other Income and (Expenses) Net Income (Loss)