December 31 Debit Credit Cash Accounts receivable Excursion supplies $26,340 0 10,129 Prepaid insurance 15,197 Prepaid rent 2,027 Rafts 30,391 Accumulated depreciation-Rafts $9,119 Equipment 96,000 Accumulated depreciation-Equipment 16,210 Accounts payable 22,000 Salaries payable 0 Unearned revenue T. Wells, Capital T. Wells, Withdrawals Excursion revenue 12,000 103,140 40,523 178,828 Interest revenue 1,496 Depreciation expense-Rafts Depreciation expense-Equipment Salaries expense Insurance expense 0 0 48,628. 0 Rent expense Excursion supplies expense Advertising expense Utilities expense Totals Fun-Time Excursions 22,297 0 7,092 5,673 $304,297 $304,297