The following is Wolastoq Tours Limiteds unadjusted trial balance at its year end, November 30, 2018. The company adjusts its accounts annually.

		Debit		Credit
Cash		$18,800
Accounts receivable		8,440
Supplies		915
Prepaid rent		2,400
Prepaid insurance		10,920
Equipment		9,600
Accumulated depreciationequipment				$ 2,400
Vehicles		122,400
Accumulated depreciationvehicles				40,800
Accounts payable				2,025
Unearned revenue				16,000
Bank loan payable, due 2021				60,000
Common shares				10,000
Retained earnings				27,225
Fees earned				117,300
Salaries expense		71,550
Repairs and maintenance expense		11,000
Rent expense		13,200
Interest expense		3,850
Advertising expense		925
Income tax expense		1,750
		$275,750		$275,750

Additional information:

1.		The insurance policy has a one-year term beginning April 1, 2018. At that time, a premium of $10,920 was paid.
2.		The equipment was acquired on December 1, 2015, and has an estimated useful life of 8 years. The vehicles were acquired on December 1, 2015, and have an estimated useful life of 6 years. The company uses straight-line depreciation.
3.		A physical count shows $300 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 $1,600 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 $700 at November 30.
7.		A senior citizens organization that had not made an advance deposit took a river tour for $1,250. 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 $2,400 rent in advance for November and December.
10.		Income tax payable for the year is estimated to be an additional $400 beyond that recorded to date. Prepare the adjusting journal entries required at November 30. Set up T accounts, enter the opening balances, and post the November adjusting entries to the general ledger. Prepare an adjusted trial balance at November 30, 2018.