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. Assets Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Total Assets Account Description ASSETS Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation LIABILITIES Accounts Payable Interest Payable Salary Payable Unearned Revenue Bank Loan Note Payable OWNER'S EQUITY Robertson, Capital Robertson, Withdrawals Income Summary JR World Expeditions Balance Sheet As at August 31, 2023 Liabilities $31,250 Accounts Payable $10,800 Unearned Revenue $0 Bank Loan $35,000 Note Payable -$9,000 Total Liabilities Robertson, Capital $68,050 Total Liabilities & Owners' Equity Account # 101 105 110 120 125 200 205 210 215 220 225 300 310 315 Account Description REVENUE Service Revenue EXPENSES Advertising Expense Depreciation Expense Insurance Expense Interest Expense Salaries Expense Telephone Expense Travel Expense Rent Expense $14,500 $11,000 $32,400 $57,900 $10,150 $68,050 Account # 400 500 510 515 520 545 550 555 560 For the month of September 2023, JR World Expeditions had the following transactions: Sep 1 James invested $12,600 cash and equipment valued at $9,900 into the business. Prepaid $11,184 for insurance for one year. Sep 1 Sep 1 Paid $3,250 cash for September's rent. Sep 2 Sep 2 Sep 5 Sep 15 Sep 18 Sep 20 Sep 23 Sep 26 Sep 28 Sep 29 Sep 30 Sep 30 Sep 30 Provided travel services to group of travellers; they paid $46,400 now and will pay $9,280 later. Sep 30 Sep 30 Sep 30 Purchase equipment by signing a Note Payable for $15,000, due in 3 years plus accrued interest at 10%. Recorded travel expenses for $16,820 to be paid next month. Paid $11,600 cash to reduce the balance of accounts payable. Received $5,400 cash from customers for the travel services provided last month. Received a telephone bill for $720 which will be paid next month. Paid $8,460 cash for employee's salaries. Received $26,840 cash in advance from travellers for travel services to be provided next month. At the end of September, the following adjustment had to be journalized to properly report the balances of the company's accounts: Paid $4,650 advertising expense for the promotion of the travel and tours in the month of September. The owner withdrew $5,710 cash for personal use. Paid $891 cash for the bank loan which included $675 principle and $216 interest. The loan is due in 4 years with monthly repayments of $675 principle plus interest at 8% on outstanding balance. $30,140 of the balance of unearned revenue, still remains unearned. One month of prepaid insurance worth $932 has been used. Monthly depreciation on the equipment was $1,320. Accrued salary expense of $4,230 for an employee. Accrued interest on the Note Payable amounts to $125. Create the trial balance in the worksheet, and then complete the remaining section of the worksheet. Account Titles Unadjusted Trial Balance DR CR JR World Expeditions Worksheet September 30, 2023 Adjustments DR CR Adjusted Trial Balance Income Statement DR CR DR CR Balance Sheet DR CR