Intelligent Toys, Inc ("ITI) is a well establish toys trading company whic ITI prepares its financial statements on a monthly basis. The adjusted trial balance of ITI as at 30 September 201 is presented a Accounts Payable $ 150,600 Accounts Receivable 271,160 Accumulated Depreciation - Building 507,600 Accumulated Depreciation - Equipment 389,800 Accumulated Depreciation - Motor vehicle 382,660 Allowance for Doubtful Accounts 27,116 Bad Debt Expense 32,591 Building 6,480,000 Cash 643,743 Depreciation Expense - Building 10,800 Depreciation Expense Equipment - 9,800 Depreciation Expense - Motor Vehicle 3,420 Dividends Payable 335,200 Equipment Freight-in 660,000 400 Freight-out Insurance Expense Interest Expense Interest Payable 500 1,200 250 250 Interest Receivable 1,050 Interest Revenue 1,050