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tuttle electronics company uses a perpetual inventory system. The unadjusted trial balance for Tuttle Electronics Company at March 31, 2018

Tuttle Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Tuttle Electronics Company at March 31, 2018, follows: P: (Click the icon to view the unadjusted trial balance.) Read the requirements Requirement 1. Journalize the adjusting entries using the following data: (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Interest revenue accrued, $250. Date Accounts and Explanation Debit Credit Mar. 31 Adj. (a) AialaLlall i Data Table Table Tuttle Electronics Company Unadjusted Trial Balance March 31, 2018 Account Title $ Balance Debit Credit 6,000 35,200 46,200 6,400 - 132,500 Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings 36,600 15,800 13,300 51,000 35,000 12,700 sef Print Done arts Data Table 6,400 132,500 $ 36,600 15,800 13,300 51,000 35,000 Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Uneared Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Salaries Expense (Selling) Rent Expense (Selling) Salaries Expense (Administrative) Utilities Expense (Administrative) 12,700 24,000 290,000 150,000 24,000 15,200 4,900 10,000 $ 454,400 $ 454,400 Total set Print Done arts f Requirements Journalize the adjusting entries using the following data: a. Interest revenue accrued, $250. b. Salaries (Selling) accrued, $2,900. C. Depreciation Expense-Equipment (Administrative), $1,325. d. Interest expense accrued, $2,100. e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,400. f. Tuttle estimates that approximately $9,000 of merchandise sold will be returned with a cost of $1,800. 2. Prepare Tuttle Electronics's adjusted trial balance as of March 31, 2018. 3. Prepare Tuttle Electronics's multi-step income statement for year ended March 31, 2018 Print Done

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