Case IAccounting Cycle JR World Expeditions is a travel agency that offers international and local travel packages. The company is owned and operated by James Robertson. The closing balances at the end of August 2023 and the chart of accounts are shown below. JR World Expeditions Balance Sheet As at August 31, 2023 \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Account Description } & Account \# \\ \hline ASSETS & \\ \hline Cash & 101 \\ \hline Accounts Receivable & 105 \\ \hline Prepaid Insurance & 110 \\ \hline Equipment & 120 \\ \hline Accumulated Depreciation & 125 \\ \hline LIABILITIES & \\ \hline Accounts Payable & 200 \\ \hline Interest Payable & 205 \\ \hline Salary Payable & 210 \\ \hline Unearned Revenue & 215 \\ \hline Bank Loan & 220 \\ \hline Note Payable & 225 \\ \hline OWNER'S EQUITY & \\ \hline Robertson, Capital & 300 \\ \hline Robertson, Withdrawals & 310 \\ \hline Income Summary & 315 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Account Description } & Account \# \\ \hline REVENUE & \\ \hline Service Revenue & 400 \\ \hline EXPENSES & \\ \hline Advertising Expense & 500 \\ \hline Depreciation Expense & 510 \\ \hline Insurance Expense & 515 \\ \hline Interest Expense & 520 \\ \hline Salaries Expense & 545 \\ \hline Telephone Expense & 550 \\ \hline Travel Expense & 555 \\ \hline Rent Expense & 560 \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} For the month of September 2023, JR World Expeditions had the following transactions: \begin{tabular}{|l|l|} \hline Sep 1 & James invested $12,600 cash and equipment valued at $9,900 into the business. \\ \hline Sep 1 & Prepaid $11,184 for insurance for one year. \\ \hline Sep 1 & Paid $3,250 cash for September's rent. \\ \hline Sep 2 & Providedtravelservicestogroupoftravellers;theypaid$46,400nowandwillpay$9,280later. \\ \hline Sep 2 & PurchaseequipmentbysigningaNotePayablefor$15,000,duein3yearsplusaccruedinterestat10%. \\ \hline Sep 5 & Recorded travel expenses for $16,820 to be paid next month. \\ \hline Sep 15 & Paid $11,600 cash to reduce the balance of accounts payable. \\ \hline Sep 18 & Received $5,400 cash from customers for the travel services provided last month. \\ \hline Sep 20 & Received a telephone bill for $720 which will be paid next month. \\ \hline Sep 23 & Paid $8,460 cash for employee's salaries. \\ \hline Sep 26 & Received$26,840cashinadvancefromtravellersfortravelservicestobeprovidednextmonth. \\ \hline Sep 28 & Paid$4,650advertisingexpenseforthepromotionofthetravelandtoursinthemonthofSeptember. \\ \hline Sep 29 & The owner withdrew $5,710 cash for personal use. \\ \hline Sep 30 & Paid$891cashforthebankloanwhichincluded$675principleand$216interest.Theloanisdueinyearswithmonthlyrepaymentsof$675principleplusinterestat8%onoutstandingbalance. \\ \hline \end{tabular} At the end of September, the following adjustment had to be journalized to properly report the balances of the company's accounts: \begin{tabular}{|l|l|} \hline Sep 30 & $30,140 of the balance of unearned revenue, still remains unearned. \\ \hline Sep 30 & One month of prepaid insurance worth $932 has been used. \\ \hline Sep 30 & Monthly depreciation on the equipment was $1,320. \\ \hline Sep 30 & Accrued salary expense of $4,230 for an employee. \\ \hline Sep 30 & Accrued interest on the Note Payable amounts to $125. \\ \hline \end{tabular} Required: a) Enter the opening balances from the August 2023 balance sheet into the general ledger accounts. b) Prepare the journal entries for the month of September and post them to the appropriate general ledger accounts. c) Create the trial balance in the worksheet, and then complete the remaining section of the worksheet. d) Prepare the journal entries for the adjustments and post them to the appropriate general ledger accounts. Update the Workbook for the adjustments. Then complete the Income Statement and Balance Sheet Columns. e) Create the Income Statement, Statement of Owner's Equity and the classified Balance Sheet. f) Prepare the journal entries to close the books for the month of September 2023 (use the income summary account), and post the journal entries to the appropriate general ledger accounts. g) Create the post-closing trial balance. JR World Expeditions Income Statement For the Month Ended September 30, 2023 JR World Expeditions Statement of Owner's Equity For the Month Ended September 30, 2023 \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ For the Month Ended September 30, 2023 } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} JR World Expeditions Balance Sheet As at September 30, 2023