Diving Equipment Private Limited ("DEPL") is a distributor who imports five major brands of diving equipment and distributes them to local sports shops. The company makes adjusting entries at each month-end and closing entries only as at year-end. 31 December is the company's year-end. DEPL's unadjusted trial balance as at 31 December 2012 is as follows. Amounts are in $. (A copy of the table is attached as a PDF): Dr Cr Cash 61,370 Accounts Receivable 25,900 Allowance for bad 250 debts Supplies 2,400 Inventory 53,500 Prepaid Rent 43,500 Equipment 40,500 Accumulated depreciation-- equipment Accounts payable Unearned revenue-- diving trips Bank borrowing Share capital Foreign currency 11,000 71,000 35,000 20,000 51,750 4,100 translation reserve Retained earnings 1,140 Revenue--product sales 869,100 Cost of goods sold 521,400 Salary expense 202,400 Marketing expense 32,100 Depreciation expense 7,700 Rent expense 47,520 Supplies expense 8,250 Other operating 15,200 expenses Interest expense 1,100 Totals 1,063,090 1,063,090