Tuttle Electronics’ unadjusted trial balance below pertains to December 31, 2023.

Additional data at December 31, 2023:

a. Insurance expense for the year should total $21,600.

b. Store fixtures have an estimated useful life of 10 years and are expected to have no value when they are retired from service.

c. Accrued salaries at December 31, $5,500.

d. Accrued interest expense at December 31, $1,600.

e. Store supplies on hand at December 31, $23,800.

f. Inventory based on the inventory count on December 31, $116,500.

Required

Tuttle Electronics uses the periodic inventory system. Complete Tuttle Electronics’ worksheet for the year ended December 31, 2023. Key adjustments by letter. You do not need to complete the Adjusted Trial Balance column as totals can be input directly into the financial statement columns.

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Account Title Cash Accounts receivable Inventory Store supplies Prepaid insurance Store fixtures Accumulated amortization-store fixtures Accounts payable Salaries payable Interest payable Note payable, long-term F. Tuttle, capital F. Tuttle, withdrawals Sales revenue TUTTLE ELECTRONICS Unadjusted Trial Balance December 31, 2023 Purchases Salaries expense Rent expense Utilities expense Amortization expense-store fixtures Insurance expense Store supplies expense Interest expense Miscellaneous expense Total Debit $ 22,150 109,600 108,300 28,800 18,000 270,000 52,000 737,900 238,600 52,000 36,200 0 6,000 0 2,350 6,500 $1,688,400 Credit $ 162,000 69,900 0 0 47,000 119,000 1,290,500 $1,688,400