use the unadjusted trial balance of Electric Bike on December 31, 2020:

Required:

2. Prepare multiple step income statement showing expenses in detail.

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 resalevalue at the end of its life of 514,590 b. The balance in the Prepaid insurance account was reviewed and it was determined that $260 was unused at December 31,2020 . c. A review of the store supplies on December 31,2020 , revealed a balance on hand of 32.030, a similar examination of the office supplies showed that $645 had been used. d. Accrued salaries payable, $1,850. e. A count of the merchandise invemtory revealed a balance on hand December 31,2020, of $33,890. Journal entry worksheet 3 4 Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet