Use the unadjusted trial balance of Electric Bike on December 31, 2020. Credit Debit $ 9,100 23,665 35,600 2,915 875 4,255 85,490 $ 14,655 9,000 42 Cash Accounts receivable Merchandise inventory Store supplies Office supplies Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Braeden Li, capital Braeden Li, withdrawals Interest income Sales Sales returns and allowances Cost of goods sold Salaries expense Rent expense Supplies expense Depreciation expense, equipment Insurance expense Totals 186,465 67,000 410 534,000 es 6,070 382,160 97,300 30,100 0 0 $744,530 $744,530 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 $15,490. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $305 was unused at December 31, 2020 c. A review of the store supplies on December 31, 2020, revealed a balance on hand of $2,300; a similar examination of the office supplies showed that $690 had been used. d. Accrued salaries payable, $2,300