The unadjusted trial balance for Travis Electronics

Company at March #384

The unadjusted trial balance for Travis Electronics Company at March 31, 2016,
follows:Requirements1. 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.View Solution:
The unadjusted trial balance for Travis Electronics Company at March

ANSWER
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