P$-$F:$5-41$A$.$ Journalizing adjusting entries, preparing adjusted trial balance, and preparing multi$-$step income statement $($Learning Objectives $4,5)$

The unadjusted trial balance for Rapid Electronics Company at March $31,2025,$ follows:

The unadjusted trial balance for Rapid Electronics Company for March $31,2025.$

Requirements

$2.$ Total Credits $$482,880$

Journalize the adjusting entries using the following data:

Interest revenue accrued, $$450.$Salaries $($Selling$)$ accrued, $$2,500.$Depreciation Expense$$Equipment $($Administrative$),$ $$1,330.$Interest expense accrued, $$1,100.$A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $$44,600.$

Prepare Rapid Electronics Company$$s adjusted trial balance as of March $31,2025.$

Prepare Rapid Electronic Company's multi$-$step income statement for year ended, March $31,2025.$