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Equipment Interest Expense Advertising Expense Depreciation Expense Common Stock Retained Earnings Service Revenue Additional information: 1. The insurance policy has a 1-year term beginning April
Equipment Interest Expense Advertising Expense Depreciation Expense Common Stock Retained Earnings Service Revenue Additional information: 1. The insurance policy has a 1-year term beginning April 1, 2025. At that time, a premium of $7,560 was paid. 2. The equipment was acquired on December 1,2022 . The equipment is depreciated at an annual rate of $25,200. 3. A physical count shows $540 of supplies on hand at November 30 . 4. The note payable has a 8% interest rate. Interest is paid on the first day of each following month and was last paid on November 1. 5. Deposits of $1,640 each were received for advance tour reservations from 10 school groups. At November 30 , tours have been provided for all of these groups. 6. Employees are owed a total of $740 in salaries and wages at November 30 . 7. A senior citizens' organization that had not made an advance deposit took a river tour for $1,490. This group was not billed until December for the services performed. 8. Additional advertising costs of $500 have been incurred, but the bills have not been received by November 30 . 9. On November 1, the company paid \$2,640 rent in advance for November and December. 10. Income taxes payable for the year are estimated to be an additional $540 beyond that recorded to date. Notes Payable Interest Payable Salaries and Wages Payable Income Taxes Payable Unearned Service Revenue \begin{tabular}{|l|} \hline \\ \hline \\ \hline 11/30Adj. \\ \hline 11/30Bal. \\ \hline \end{tabular} The following is Crane Tours Inc.'s unadjusted trial balance at its year-end, November 30,2025 . The company adjusts its accounts annually. \begin{tabular}{|c|c|c|} \hline Common Stock & & 10,240 \\ \hline Retained Earnings & & 27,465 \\ \hline Service Revenue & & 130,815 \\ \hline Salaries and Wages Expense & 69,800 & \\ \hline Maintenance and Repairs Expense & 11,410 & \\ \hline Rent Expense & 13,440 & \\ \hline Interest Expense & 3,705 & \\ \hline Advertising Expense & 1,065 & \\ \hline \multirow[t]{2}{*}{ Income Tax Expense } & 1,940 & \\ \hline & $291,485 & $291,485 \\ \hline \end{tabular} Set up T-accounts, enter the opening balances, and post the November adjusting entries to the general ledger. (If the balance is zero (0), select date from drop down and enter 0 for the amounts on the normal balance side of the account. Post entries in the order of journal entries presented in the previous question.) Supplies Expense Insurance Expense Income Tax Expense
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