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

		Debit		Credit
Cash		$15,100
Accounts receivable		7,870
Supplies		890
Prepaid rent		2,360
Prepaid insurance		7,440
Equipment		13,400
Accumulated depreciationequipment				$ 3,350
Vehicles		130,800
Accumulated depreciationvehicles				43,600
Accounts payable				2,080
Deferred revenue				13,600
Bank loan payable, due 2024				48,000
Common shares				10,000
Retained earnings				24,950
Fees earned				130,180
Salaries expense		69,100
Repairs and maintenance expense		10,340
Rent expense		12,980
Interest expense		3,080
Advertising expense		700
Income tax expense		1,700
		$275,760		$275,760

Additional information:

1.		The insurance policy has a one-year term beginning April 1, 2021. At that time, a premium of $7,440 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 $270 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 $1,360 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 $540 at November 30.
7.		A senior citizens organization that had not made an advance deposit took a river tour for $1,270. This group was not billed until December for the services performed.
8.		Additional advertising costs of $260 have been incurred, but the bills have not been received by November 30.
9.		On November 1, the company paid $2,360 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.

Sr no.	Date	Account Titles and Explanation	Debit	Credit
1.	Nov. 30
2.	Nov. 30
3.	Nov. 30
4.	Nov. 30
5.	Nov. 30
6.	Nov. 30
7.	Nov. 30
8.	Nov. 30
9.	Nov. 30
10.	Nov. 30