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Tuttle Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Tuttle Electronics Company at March 31, 2024, follows: (Click the icon
Tuttle Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Tuttle Electronics Company at March 31, 2024, follows: (Click the icon to view the unadjusted trial balance.) Read the requirements Requirement 1. Joumalize 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, $550. Date Accounts and Explanation Mar. 31 Adj. (a) Interest Receivable Interest Revenue To accrue interest revenue. b. Salaries (Selling) accrued, $3,000. Debit Credit 550 550 Date Accounts and Explanation Debit Credit Mar. 31 Salaries Expense (Selling) 3,000 Adj. (b) Salaries Payable 3,000 To accrue salaries expense c. Depreciation Expense-Equipment (Administrative), $1,330. Date Mar. 31 Accounts and Explanation: Depreciation Expense-Equipment (Administrative) Debit Credit 1.330
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