The unadjusted trial balance for Travis Electronics Company at March 31, 2016, follows:

Requirements
1. Journalize the adjusting entries using the following data:
a. Interest revenue accrued, $450.
b. Salaries (Selling) accrued, $2,500.
c. Depreciation expense€”Equipment (Administrative), $1,330.
d. Interest expense accrued, $1,100.
e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $44,600.
2. Prepare Travis Electronics€™s adjusted trial balance as of March 31, 2016.
3. Prepare Travis Electronics€™s multi-step income statement for year ended March 31, 2016.
4. Prepare Iravis Electronicss statement of retained earnings for year ended March 31, 2016.
5. Prepare Travis Electronics€™s classified balance sheet in report form as of March 31, 2016.

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TRAVIS ELECTRONICS COMPANY Unadjusted Trial Balance March 31, 2016 Balance Debit Account Title Cash Accounts Receivable Interest Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Sales Discounts Interest Revenue Cost of Goods Solo Salaries Expense (Selling) Rent Expense (Selling) Salaries Expense (Administrative) Utilities Expense (Administrative) Depreciation Expense Equipment (Administrative) Interest Expense Credit $ 3,700 33,300 45,100 6,300 133,000 $ 36,600 16,400 13,600 44,000 40,000 16,900 21,000 310,000 7,100 3,000 170,500 24,000 15,000 5,400 10,100 0 S 477,500 $ 477,500