The Cup family, Ryder and her son Stanley, organized Leisurely Rentals, Inc. Leisurely Rentals is a family held business, formed as a corporation (for liability reasons) with Stanley and Ryder being the only two shareholders Leisurely Rentals rents roller blades and bicycles to tourists spending their time on the beaches of Fort Lauderdale, Florida. Presented below is the November 30, 2007, unadjusted trial balance of Leisurely Rentals. The temporary account balances represent the results of entries recorded during the first 11 months of 2006. Stanley and Ryder are holding currently 4,000 shares of stock. All income tax effects are to be ignored for this project Leisurely Rentals, Inc. Unadjusted Trial Balance November 30, 2007 REF DEBIT CREDIT Cash Customer Receivables Supplies Inventory Prepaid Expenses Furniture 125,553 1,120 700 112 113 8,280 Accumulated Depreciation, Furniture Rental Equipment Accumulated Depreciation, Rental Equipment Accounts Payable Interest Payable Unearned Revenue Wages payable Notes Payable Common Stock Retained Earnings Income Summary Dividends Skate Rental Revenue 132 135 2,620 27.288 10,000 2,630 136 211 213 220 230 311 312 314 316 36,000 22.327 47,770 56,750 19,200 Bicycle Rental Revenue Lesson revenue Wages Expense Rent Expense Supplies Expense Utilities Expense Advertising Expense Maintenance Expense Depreciation Expense, Furniture Depreciation Expense, Rental Equip Interest Expense Totals 412 413 511 17,356 7.480 6,300 2,420 750 50 515 516 517 519 520