ty 2530 1.00 And Wie $3.000 00 Delen 2004 12800 BAO 10000 Cathare 10 11915 145 200 100 ST AM 1 The M2300 themed on December 1, 2013 December 10 de A. Theo . 10 octor th Erics Antarkt ht 200 On New 10 www. Date de plant 11 30 Question 23 of 23 -/1 E The following is Waterway Tours Limited's unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually. Credit Debit $15.700 8.040 1.000 2,530 7,200 13,600 $3,400 136,500 Cash Accounts receivable Supplies Prepaid rent Prepaid insurance Equipment Accumulated depreciation-equipment Vehicles Accumulated depreciation-vehicles Accounts payable Deferred revenue Bank loan payable, due 2024 Common shares Retained earnings Fees earned Salaries expense Repairs and maintenance expense Rent expense Interest expense Advertising expense Income tax expense 45,500 1.910 13,800 54,000 10,000 29,810 122,110 65.900 10,380 13,915 3,465 700 1,600 $280,530 $280,530 Additional information: 1. 2. 3. 4 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 $290 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 $1,380 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 $490 at November 30. A senior citizens' organization that had not made an advance deposit took a river tour for $1,300. This group was not billed until December for the services performed. Additional advertising costs of $280 have been incurred, but the bills have not been received by November 30. On November 1, the company paid $2,530 rent in advance for November and December Income tax payable for the year is estimated to be an additional $290 beyond that recorded to date. 6. 7. 8. 9. 10. (a) Prepare the adjusting journal entries required at November 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg. 5,275. If no entry is required. select.No Entry for the account titles and enter for the amounts MacBook Pro Prepare the adjusting Journal entries required at November 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg: 5.275. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Sr Date Account Titles and Explanation Debit no. Credit 1. Nov. 30 I 2 Nov. 30 3. Nov. 30 Nov. 30 5. Nov. 30 MacBook Pro E 30 6. Nov. 30 I 7. Nov. 30 8. Nov. 30 Nov. 9. 30 10. Nov. 30 e Textbook and Media MacBook Pro C ty 2530 1.00 And Wie $3.000 00 Delen 2004 12800 BAO 10000 Cathare 10 11915 145 200 100 ST AM 1 The M2300 themed on December 1, 2013 December 10 de A. Theo . 10 octor th Erics Antarkt ht 200 On New 10 www. Date de plant 11 30 Question 23 of 23 -/1 E The following is Waterway Tours Limited's unadjusted trial balance at its year end, November 30, 2021. The company adjusts its accounts annually. Credit Debit $15.700 8.040 1.000 2,530 7,200 13,600 $3,400 136,500 Cash Accounts receivable Supplies Prepaid rent Prepaid insurance Equipment Accumulated depreciation-equipment Vehicles Accumulated depreciation-vehicles Accounts payable Deferred revenue Bank loan payable, due 2024 Common shares Retained earnings Fees earned Salaries expense Repairs and maintenance expense Rent expense Interest expense Advertising expense Income tax expense 45,500 1.910 13,800 54,000 10,000 29,810 122,110 65.900 10,380 13,915 3,465 700 1,600 $280,530 $280,530 Additional information: 1. 2. 3. 4 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 $290 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 $1,380 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 $490 at November 30. A senior citizens' organization that had not made an advance deposit took a river tour for $1,300. This group was not billed until December for the services performed. Additional advertising costs of $280 have been incurred, but the bills have not been received by November 30. On November 1, the company paid $2,530 rent in advance for November and December Income tax payable for the year is estimated to be an additional $290 beyond that recorded to date. 6. 7. 8. 9. 10. (a) Prepare the adjusting journal entries required at November 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg. 5,275. If no entry is required. select.No Entry for the account titles and enter for the amounts MacBook Pro Prepare the adjusting Journal entries required at November 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg: 5.275. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Sr Date Account Titles and Explanation Debit no. Credit 1. Nov. 30 I 2 Nov. 30 3. Nov. 30 Nov. 30 5. Nov. 30 MacBook Pro E 30 6. Nov. 30 I 7. Nov. 30 8. Nov. 30 Nov. 9. 30 10. Nov. 30 e Textbook and Media MacBook Pro C