UVW Corporation Financial Data for October 31, 2024:

• Cash: $15,000
• Accounts Receivable: $16,000
• Inventory: $24,000
• Accounts Payable: $10,000
• Interest Payable: $1,500
• Vehicles: $48,000
• Accumulated Depreciation: $14,000
• Notes Payable: $22,000
• Common Stock: $42,000
• Retained Earnings: $26,000

Requirements:

1. Prepare a trial balance.
2. Prepare adjusting entries for the following:
   • Depreciation expense: $3,200
   • Interest expense: $1,200
3. Prepare an adjusted trial balance.