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

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Accounting

use the unadjusted trial balance of Electric Bike on December 31,2023
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Use the unadjusted trial balance of Electric Bike on December 31, 2023. 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. Journal entry worksheet 2345 Record depreciation expense. Note: Enter debits before credits. Journal entry worksheet 4 Record prepaid insurance expired. Note: Enter debits before credits. Journal entry worksheet

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