Problem 3-2B Preparing adjusting entries (monthly) depreciation expenses (15 marks)

Zebra Consulting prepares adjusting entries and financial statements monthly. Details regarding Zebra Consultings plant and equipment items follow:

Required Prepare the monthly adjusting entry to record depreciation for each plant and equipment item at November 30, 2020.

Problem 3-3B Preparing adjusting entries (annual) unearned revenues (10 marks)

Blackfeather Tours sells scuba diving and kayaking excursions, along with a number of unique sightseeing packages. The company requires a 50% payment from the customer at the time of booking. The following selected accounts appear on Blackfeathers January 31, 2020, year-end unadjusted trial balance:

Required Prepare the annual adjusting journal entries at January 31, 2020, using the following additional information:

a. Blackfeather Torus has custom helicopter packages in which groups are flown in and out of island retreats. The balance in this unearned account is for a group scheduled for early March 2020.

b. Three-quarters of the Unearned Toru Package Revenue account had been earned by January 31, 2020.

c. $72,000 of the Unearned Scuba Diving Revenue account remained unearned at January 31, 2020.

d. $15,500 of the Unearned Kayaking Tour Revenue account represents payments received from customers for February and March 2020. The balance in the account is for tours provided in January