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The following adjusted trial balance of Dunbar Adventures on December 31, 2019. Credit Dunbar Adventures Adjusted Trial Balance December 31, 2019 Debit Cash $13,600 Accounts
The following adjusted trial balance of Dunbar Adventures on December 31, 2019. Credit Dunbar Adventures Adjusted Trial Balance December 31, 2019 Debit Cash $13,600 Accounts receivable $2.000 Office supplies $2,500 Prepaid insurance $1,200 Equipment $28,000 Accum. amort-equipment Accounts payable Salary payable Deferred Revenue S. Dunbar, Capital Service revenue Advertising expense $1,400 Amort expense-equipment $1,300 Cost of goods sold $26,000 Insurance expense $650 Interest expense $2,900 Interest revenue Rent expense $6,150 Salary expense $27.900 Sales Discount $4,900 Sales Returns and Allowances $2,000 Supplies expense $1,500 Total $122.000 $3,900 $6,800 $1,100 $800 $22.900 $82,500 $4,000 $122,000 Requirement: a) Prepare, in good form, a multi-step Income Statement for the month ended December 31, 2019. (17 marks)
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