4 The following is Vaughn Tours Limiteds unadjusted trial balance at its year end, November 30, 2021 The company adjusts its accounts annually Debit Credit Cash $15,500 Accounts receivable 7,200 Supplies 980 Prepaid rent 2,380 Prepaid insurance 7,920 Equipment 12,800 Accumulated depreciationequipment $ 3,200 Vehicles 147,900 Accumulated depreciationvehicles 49,300 Accounts payable 2,040 Deferred revenue 13,200 Bank loan payable, due 2024 48,000 Common shares 10,000 Retained earnings 26,180 Fees earned 142,470 Salaries expense 70,000 Repairs and maintenance expense 11,140 Rent expense 13,090 Interest expense 3,080 Advertising expense 900 Income tax expense 1,500 $294,390 $294,390 Additional information 1 The insurance policy has a one year term beginning April 1, 2021 At that time, a premium of $7,920 was paid 2 The equipment was acquired on December 1, 2018, and has an estimated useful life of eight years The vehicles were acquired on December 1, 2018, and have an estimated useful life of six years The company uses straight line depreciation 3 A physical count shows $290 of supplies on hand at November 30 4 The bank loan payable has a 7 interest rate Interest is paid on the first day of each following month, and was last paid on November 1 5 Deposits of $1,320 each were received for advance tour reservations from 10 school groups At November 30, all of these deposits have been earned 6 Employees are owed a total of $480 at November 30 7 A senior citizens organization that had not made an advance deposit took a river tour for $1,370 This group was not billed until December for the services performed 8 Additional advertising costs of $290 have been incurred, but the bills have not been received by November 30 9 On November 1, the company paid $2,380 rent in advance for November and December 10 Income tax payable for the year is estimated to be an additional $290 beyond that recorded to date Prepare the adjusting journal entries required at November 30 (List all debit entries before credit entries Credit account titles are automatically indented when the amount is entered Do not indent manually Round answers to the nearest whole dollar, e g 5,275 If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Sr no Date Account Titles and Explanation Debit Credit 1 Nov 30 2 Nov 30 3 Nov 30 4 Nov 30 5 Nov 30 6 Nov 30 7 Nov 30 8 Nov 30 9 Nov 30 10 Nov 30

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4. The following is Vaughn Tours Limiteds unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually. Debit Credit

The following is Vaughn Tours Limiteds unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually.

	Debit	Credit
Cash	$15,500
Accounts receivable	7,200
Supplies	980
Prepaid rent	2,380
Prepaid insurance	7,920
Equipment	12,800
Accumulated depreciationequipment		$ 3,200
Vehicles	147,900
Accumulated depreciationvehicles		49,300
Accounts payable		2,040
Deferred revenue		13,200
Bank loan payable, due 2024		48,000
Common shares		10,000
Retained earnings		26,180
Fees earned		142,470
Salaries expense	70,000
Repairs and maintenance expense	11,140
Rent expense	13,090
Interest expense	3,080
Advertising expense	900
Income tax expense	1,500
	$294,390	$294,390

Additional information:

1.		The insurance policy has a one-year term beginning April 1, 2021. At that time, a premium of $7,920 was paid.
2.		The equipment was acquired on December 1, 2018, and has an estimated useful life of eight years. The vehicles were acquired on December 1, 2018, and have an estimated useful life of six years. The company uses straight-line depreciation.
3.		A physical count shows $290 of supplies on hand at November 30.
4.		The bank loan payable has a 7% interest rate. Interest is paid on the first day of each following month, and was last paid on November 1.
5.		Deposits of $1,320 each were received for advance tour reservations from 10 school groups. At November 30, all of these deposits have been earned.
6.		Employees are owed a total of $480 at November 30.
7.		A senior citizens organization that had not made an advance deposit took a river tour for $1,370. This group was not billed until December for the services performed.
8.		Additional advertising costs of $290 have been incurred, but the bills have not been received by November 30.
9.		On November 1, the company paid $2,380 rent in advance for November and December.
10.		Income tax payable for the year is estimated to be an additional $290 beyond that recorded to date.

Prepare the adjusting journal entries required at November 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Sr no.	Date	Account Titles and Explanation	Debit	Credit
1.	Nov. 30

2.	Nov. 30


3.	Nov. 30

4.	Nov. 30

5.	Nov. 30

6.	Nov. 30

7.	Nov. 30

8.	Nov. 30

9.	Nov. 30