(Solved): ASSIGNMENT-4 Information from the unadjusted trial balance of Electric Bike on December 31, ...

$$\text{ ASSIGNMENT- }4$$ Information from the unadjusted trial balance of Electric Bike on December 31,2020, the end of the annual accountina period, is as follows: Required 1. Prepareunadjusted Trial Balance 2. Recordadjusting entries forthefollowinginformation. a. The records show that the equipment was estimated to havea total estimated useful life of 10 years with a resalevalue at theend of its life of $$\$29,180$$. b. Thebalance in the Prepaid Insurance account was reviewed and it was determined that $$\$520$$ was unused at December 31,2020. c. A review of the store supplies on December 31,2020 , revealed a balance on hand of $$\$4,060$$; a similar examination of the office supplies showed that $$\$1290$$ had been used. d. Accrued salaries payable, $$\$3,700$$ e. Acount of the merchandise inventory revealed a balance on hand December 31,2020 , of $$\$67,780$$. 3. UsingtheaboveadjustmentsPrepareadjustedtrial Balance. 4. Usingadjustedtrial balancenumbers, prepare1. incomestatement.2. Owner' sEquitystatement.3. Balance sheet