Case

Accounting Cycle

BW Travel and Tours is a travel agency that offers international and local travel packages. The company is owned and operated by Bryson Woods. The closing balances at the end of August $2023$ and the chart of accounts are shown below.

$\backslash$table$[[$Account Description,Account #$],[$ASSETS$,],[$Cash$,101],[$Accounts Receivable,$105],[$Prepaid Insurance,$110],[$Equipment$,120],[$Accumulated Depreciation,$125],[$LIABILITIES$,],[$Accounts Payable,$200],[$Interest Payable,$205],[$Salary Payable,$210],[$Unearned Revenue,$215],[$Bank Loan,$220],[$OWNER$\text{'}$S EQUITY,$],[$Woods Capital,$300],[$Woods Withdrawals,$310],[$Income Summary,$315]]$

$\backslash$table$[[$Account Description,Account A$],[$REVENUE$,],[$Service Revenue,$400],[$EXPENSES$,],[$Advertising Expense,$500],[$Depreciation Expense,$510],[$Insurance Expense,$515],[$Interest Expense,$520],[$Salaries Expense,$545],[$Telephone Expense,$550],[$Travel Expense,$555],[$Rent Expense,$560]]$

For the month of September $2023,$ BW Travel and Tours had the following transactions:

$\backslash$table$[[$Sept $1,$Bryson invested $$15,000$ cash and equipment valued at $$12,500$ into the business.$],[$Sept $1,\backslash$table$[[$Bryson invested $$15,000$ cash and equipment value for one year.$],[$Prepaid $$4,500$ for insurance for on$]]],[$Sept $1,\backslash$table$[[$Prepaid $$4,500$ for insurance for one year.$],[$Paid $$1,950$ cash for September's rent.$]]],[,\backslash$table$[[$Paid $$1,950$ cash for September's rent.$],[$Provided travel package to group of travellers; they paid $$22,500$ now and will pay$],[$$$4,500$ later.$]]],[$Sept $5,\backslash$table$[[$$$4,500$ later.$],[$Recorded travel expenses for $$9,100$ to be paid next month.$]]],[$Sept $11,$Purchased equipment with $$13,000$ cash.$],[$Sept $15,$Paid $$5,850$ cash to reduce the balance of accounts payable.$],[$Sept$18.,$Received $$4,260$ cash from customers for the travel services provided last month.$],[$Sept $20,$Received a telephone bill for $$880$ which will be paid next month.$],[$Sept $23,$Paid $$4,150$ cash for employee's salaries.$],[$Sept $20,\backslash$table$[[$Paid $$4,150$ cash for employee's salaries.$],[$Received $$26,700$ cash in advance from travellers for travel services to be provided next$],[$month$.]]],[,\backslash$table$[[$month$.],[$Paid $$2,530$ advertising expense for the promotion of the travel and tours in the month$],[$of September.$]]],[$Sept $29,\backslash$table$[[$of September.$],[$The owner withdrew $$6,550$ cash for personal use.$]]],[$Sept $30,$Paid $$833$ cash for the bank loan which included $$625$ principle and $$208$ interest.$],[$Sept $30,$Received a loan from the bank for $$20,000$

Create an unadjusted trial balance from the following information given.