Question $3$:

Presented below is the December $31$ unadjusted trial balance of Juno Beach Clothing, Inc.

The books are closed yearly on December $31.$ Additional information is provided below:

Bad debt expense is estimated to be $$1,600.$

Equipment is depreciated based on an $8-$year life $($no salvage value$).$

Insurance expired during the year $$3,650.$

Interest accrued on notes payable $$2,050.$

Sales salaries and wages earned but not paid $$2,750.$

The balance of advertising paid in advance that was not used up by the end of the year $-$

$$1,100.$

Office supplies on hand $$900$ at the end of the year.

Prepare:

$($a$)$ Adjusting entries,

$($b$)$ Adjusted Trial Balance,

$($c$)$ financial statements $($Income Statement, Statement of Retained Earnings, Balance Sheet$),$

$($d$)$ closing entries.