Use the unadjusted trial balance of Electric Bike on December 31, 2023. Required: 1. Record adjusting entries for the following information. a. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a residual value at the end Required: 1. Record adjusting entries for the following information. a. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a residual value at the end of its life of $14,990. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $280 was unused at December 31,2023. c. A review of the store supplies on December 31,2023 , revealed a balance on hand of $2,150; a similar examination of the office supplies showed that $665 had been used. d. Accrued salaries payable, $2,050. e. A count of the merchandise inventory revealed a balance on hand December 31,2023, of $34,250