Use the unadjusted trial balance of Electric Bike on December 31, 2023.

	Debit		Credit
Cash	$	8,700
Accounts receivable		23,265
Merchandise inventory		35,200
Store supplies		2,715
Office supplies		835
Prepaid insurance		3,855
Equipment		81,090
Accumulated depreciation, equipment				$	14,255
Accounts payable					8,600
Salaries payable					0
Braeden Li, capital					179,465
Braeden Li, withdrawals		65,000
Interest income					370
Sales					532,000
Sales returns and allowances		5,670
Cost of goods sold		381,760
Salaries expense		96,900
Rent expense		29,700
Supplies expense		0
Depreciation expense, equipment		0
Insurance expense		0
Totals	$	734,690		$	734,690

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 $15,090. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $285 was unused at December 31, 2023. c. A review of the store supplies on December 31, 2023, revealed a balance on hand of $2,180; a similar examination of the office supplies showed that $670 had been used. d. Accrued salaries payable, $2,100. e. A count of the merchandise inventory revealed a balance on hand December 31, 2023, of $34,340.