The following is Bonita Tours Limited's unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually. Cash Accounts receivable Supplies Prepaid rent Prepaid insurance Equipment Accumulated depreciation -equipment Vehicles Accumulated depreciation -vehicles Debit $14,400 7.450 910 2,500 6,960 17 400 Credit $ 3,100 128,400 42.800 [12:40 a.m., 2023-05-23] Jeet Patel: Accounts payable Deferred revenue Bank loan payable, due 2024 Common shares Retained earnings Fees earned Salaries expense Repairs and maintenance expense Rent expense Interest expense Advertising expense Income tax expense 1.750 13,500 54,000 10,000 28,410 122,105 72,700 10,130 13,750 3,465 800 1,800 $275,665 $275,665 Additional information: 1. The insurance policy has a one-year term beginning April 1, 2021. At that time, a premium of $6,960 was paid. 2. The equipment was acquired on December 1, 2018, and has an estimated useful life of eight years. The vehicles were acquired on December 1, 2018, and have an estimated useful life of six years. The company uses straight-line depreciation. 3. A physical count shows $320 of supplies on hand at November 30.

4. The bank loan payable has a 7% interest rate. Interest is paid on the first day of each following month, and was last paid on November 1. 5. Deposits of $1,350 each were received for advance tour reservations from 10 school groups. At November 30, all of these deposits have been earned. 6. Employees are owed a total of $510 at November 30. 7. A senior citizens organization that had not made an advance deposit took a river tour for $1,150. This group was not billed until December for the services performed 8. Additional advertising costs of $250 have been incurred, but the bills have not been received by November 30. 9. On November 1, the company paid $2,500 rent in advance for November and December. 10. Income tax payable for the year is estimated to be an additional $290 beyond that recorded to date.