Turtle Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Turtle Electronics Company 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 Oct. 31 Adj. (a) Data Table 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 Dividen Turtle Electronics Company Unadjusted Trial Balance October 31, 2024 Balance Debit S 14,000 38,400 45,170 6,400 131,000 74.000 $ Credit I 37,400 16,900 13,500 44,000 50,000 9,670 X Question Help X e Electronics Company follows: Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $350. b. Salaries (Selling) accrued, $2,200. c. Depreciation Expense-Equipment (Administrative), $1,310. d. Interest expense accrued, $1,000. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,100. f. Turtle estimates that approximately $7,000 of merchandise sold will be returned with a cost of $4,200. 2. 3. Prepare Turtle Electronics' adjusted trial balance as of October 31, 2024. Prepare Turtle Electronics' multi-step income statement for year ended October 31, 2024. Print Done 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) Total 50,000 9,670 24,000 289,750 250 145,000 25,700 15,500 5,600 10,700 $ 461,470 S 461,470