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JR World Expeditions is travel agency that offers international and local travel packages. The company is owned and operated by James Robertson. The closing balances at the end of August 2023 and the chart of accounts are shown below. Assets Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Total Assets ASSETS Cash Account Description Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation LIABILITIES Accounts Payable Interest Payable Salary Payable Linnarmad Daunnun. JR World Expeditions Balance Sheet As at August 31, 2023 Liabilities $31,250 Accounts Payable $10,800 Unearned Revenue $0 Bank Loan $35,000 Note Payable -$9,000 Total Liabilities Robertson, Capital $68,050 Total Liabilities & Owners' Equity Account # 101 105 110 120 125 200 205 210 10 Account Description REVENUE Service Revenue EXPENSES Advertising Expense Depreciation Expense Insurance Expense Interest Expense Salaries Expense Telephone Expense Travel Expense 10ant Cunanca $14,500 $11,000 $32,400 $57,900 $10,150 $68,050 Account # 400 500 510 515 520 545 550 555