WestJet Airlines Ltd., a Canadian airline, was profitable in 2014. The following list of accounts and amounts was taken from its December 31, 2014, financial statements (in thousands):

Instruction
(a) West Jet Airlines Ltd. is a corporation. Which of the items listed above are used only in corporations?
(b) Prepare a trial balance for WestJet with the accounts in financial statement order.
(c) WestJet has grouped several items together in its financial statements. For example, marketing, general, and administration expenses are shown as one amount. What are some possible reasons for doing this?
(d) In this chapter, you learned about unearned revenue. Would you expect a company like WestJet to have unearned revenue? If so, what account name has WestJet used for its unearned revenue?

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Accounts payable and accrued liabilities Accounts receivable Advance ticket sale liability Aircraft fuel, leasing, and maintenance expense Airport operations expense Cash Deferred income tax liability Depreciation and amortization expense Employee profit share expense Flight operations and navigational charges Guest revenues Income tax expense In flight expense Intangibles Inventory Long-term debt Maintenance provisions li Marketing, general, and administration expense Non-operating expenses Non-refundable guest credits liability Other assets Other liabilities Other revenues Prepaid expenses and deposits Property and equipment Sales and distribution expense Shareholders' (owners) "drawings" Shareholders' (owners') equity, Jan. 1,2015 $ 502,432 54,950 575,781 1,466,465 507,743 1,416,220 296,892 226,740 68,787 458,146 3,599,157 106,350 171,741 122,913 36,658 1,028,820 191,768 224,783 85,164 45,434 78,306 227,804 377,395 144,192 2,793,194 376,676 96,295 1,589,840 ability