The following is Sheridan Tours Limited's unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually. Debit Credit Cash $15.700 Accounts receivable 7.840 900 Supplies Prepaid rent Prepaid insurance 2.400 7,200 14,200 Equipment Accumulated depreciation-equipment Vehicles $ 3.550 130,500 43,500 1,860 13,500 54,000 Accumulated depreciation-vehicles Accounts payable Deferred revenue Bank loan payable, due 2024 Common shares Retained earnings Fees earned Salaries expense Repairs and maintenance expense 10,000 26,620 126,745 70,600 11,470 Rent expense 13,200 Interest expense 3,465 800 Advertising expense Income tax expense 1,500 $ 279,775 $ 279,775 Additional information: 1. 2 3. 5 5. The insurance policy has a one-year term beginning April 1, 2021. At that time, a premium of $ 7.200 was paid. 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 A physical count shows $ 310 of supplies on hand at November 30. 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 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. Employees are owed a total of $ 550 at November 30, A senior citizens organization that had not made an advance deposit took a river tour for $ 1.170. This group was not billed until December for the services performed. Additional advertising costs of $ 260 have been incurred, but the bills have not been received by November 30. On November 1, the company paid $ 2,400 rent in advance for November and December. Income tax payable for the year is estimated to be an additional S 270 beyond that recorded to date. 6. 7. 8 9. 10. (a) Prepare the adjusting journal entries required at November 30 (tit al debit entries before ord entries and countles are automatically inderted when the amount is entered. Do not indent manually. Round answers to the nearest whole ore 5.275.00 entry is required, select "No Entry for the account titles and enter for the amounts Sr no. Date Account Titles and Explanation Debit Credit 1 Nov. 30 Insurance pro Prepaid Now 2 30 1 3. Nov. 4. Nov. 30 5. Nov. 30 6. Nov. 30 7 Now 30 Nov. 30 Now 30 10. Now, 30 Textholde