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The following is Cullumber Tours Inc.'s unadjusted trial balance at its year-end, November 30, 2025. The company adjusts its accounts annually. Additional information: 1. The
The following is Cullumber Tours Inc.'s unadjusted trial balance at its year-end, November 30, 2025. The company adjusts its accounts annually. Additional information: 1. The insurance policy has a 1-year term beginning April 1, 2025. At that time, a premium of $7,464 was paid. 2. The equipment was acquired on December 1,2022 . The equipment is depreciated at an annual rate of $25,150. 3. A physical count shows $440 of supplies on hand at November 30 . 4. The note payable has a 8% interest rate. Interest is paid on the first day of each following month and was last paid on November 1. 1. The insurance policy has a 1-year term beginning April 1, 2025. At that time, a premium of $7,464 was paid. 2. The equipment was acquired on December 1, 2022. The equipment is depreciated at an annual rate of $25,150. 3. A physical count shows $440 of supplies on hand at November 30 . 4. The note payable has a 8% interest rate. Interest is paid on the first day of each following month and was last paid on November 1. 5. Deposits of $1,540 each were received for advance tour reservations from 10 school groups. At November 30 , tours have been provided for all of these groups. 6. Employees are owed a total of $640 in salaries and wages at November 30 . 7. A senior citizens' organization that had not made an advance deposit took a river tour for $1,390. This group was not billed until December for the services performed. 8. Additional advertising costs of $400 have been incurred, but the bills have not been received by November 30. 9. On November 1, the company paid $2,540 rent in advance for November and December. 10. Income taxes payable for the year are estimated to be an additional $420 beyond that recorded to date. (c) Prepare an adjusted trial balance at November 30 . (Do not list those accounts that have zero ending balance.) CULLUMBER TOURS INC. Adjusted Trial Balance November 30,2025
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