The following is Bramble Tours Limiteds unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually.

		Debit		Credit
Cash		$16,800
Accounts receivable		8,210
Supplies		1,050
Prepaid rent		2,180
Prepaid insurance		7,800
Equipment		13,000
Accumulated depreciationequipment				$ 3,250
Vehicles		132,000
Accumulated depreciationvehicles				44,000
Accounts payable				1,880
Deferred revenue				14,700
Bank loan payable, due 2024				54,000
Common shares				10,000
Retained earnings				27,750
Fees earned				118,345
Salaries expense		64,900
Repairs and maintenance expense		10,230
Rent expense		11,990
Interest expense		3,465
Advertising expense		800
Income tax expense		1,500
		$273,925		$273,925

Additional information:

1.		The insurance policy has a one-year term beginning April 1, 2021. At that time, a premium of $7,800 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 $310 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 $1,470 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 $550 at November 30.
7.		A senior citizens organization that had not made an advance deposit took a river tour for $1,360. This group was not billed until December for the services performed.
8.		Additional advertising costs of $270 have been incurred, but the bills have not been received by November 30.
9.		On November 1, the company paid $2,180 rent in advance for November and December.
10.		Income tax payable for the year is estimated to be an additional $310 beyond that recorded to date.

Set up T accounts, enter the opening balances, and post the November adjusting entries to the general ledger. (Post entries in the order of journal entries presented in the previous part.) Cash Account Receivable Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation-Equip. Vehicles Accumulated Depreciation-Vehicles Accounts Payable Bank Loan Payable Interest Payable Salaries Payable Income Taxes Payable Dofonnad onun Deferred revenue Common Shares Retained Earnings Fees Earned > Salaries Expense Repairs and Maintenance Expense Rent Expense Interest Expense Advertising Expense Advertising Expense Depreciation Expense Supplies Expense Insurance Expense Income Tax Expense