The unadjusted trial balance for Trudel Electronics Company at March 31, 2018, follows:

Requirements
1. Journalize the adjusting entries using the following data:
a. Interest revenue accrued, $200.
b. Salaries (Selling) accrued, $2,300.
c. Depreciation Expense-Equipment (Administrative), $1,300.
d. Interest expense accrued, $1,500.
e. A physical count of inventory was completed. The ending Merchandise Inventory should have a balance of $45,200.
f. Trudel estimates that approximately $6,000 of merchandise sold will be returned with a cost of $1,200.
2. Prepare Trudel Electronics's adjusted trial balance as of March 31, 2018.
3. Prepare Trudel Electronics's multi-step income statement for year ended March 31, 2018.

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TRUDEL ELECTRONICS COMPANY Unadjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit $ 4,000 Cash Accounts Receivable 38,800 Merchandise Inventory 45,500 Office Supplies 6,500 Equipment 130,000 $ 36,800 Accumulated Depreciation-Equipment Accounts Payable 17,400 Unearned Revenue 13,200 Notes Payable, long-term 48,000 Common Stock 60,000 Retained Earnings 100 20,000 Dividends 282,500 Sales Revenue Cost of Goods Sold 160,600 Salaries Expense (Selling) 20,000 Rent Expense (Selling) 15,800 Salaries Expense (Administrative) 5,700 Utilities Expense (Administrative) 11,100 $ 458,000 $ 458,000 Total