Use the unadjusted trial balance of Electric Bike on December 31, 2023. Debit Credit Cash $ 7,900 Accounts receivable 22,465 Merchandise inventory 34,400 Store supplies 2,315 Office supplies 895 Prepaid insurance 4,455 Equipment 72,290 Accumulated depreciation, equipment $ 13,455 Accounts payable 7,800 Salaries payable 0 Braeden Li, capital 167,005 Braeden Li, withdrawals 61,000 Interest income 290 Sales 528,000 Sales returns and allowances 4,870 Cost of goods sold 380,960 Salaries expense 96,100 Rent expense 28,900 Supplies expense 0 Depreciation expense, equipment 0 Insurance expense 0 Totals $ 716,550 $ 716,550 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 $14,290. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $315 was unused at December 31, 2023. c. A review of the store supplies on December 31, 2023, revealed a balance on hand of $1,940; a similar examination of the office supplies showed that $700 had been used. d. Accrued salaries payable, $1,700. e. A count of the merchandise inventory revealed a balance on hand December 31, 2023, of $33,620