Trial Balance Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts:
Cash | Equipment | Dividends | |||||
---|---|---|---|---|---|---|---|
(1) 23,200 | (2) 1,600 | (3) 16,700 | (9) 2,300 | ||||
(7) 9,300 | (3) 3,000 | ||||||
(4) 2,550 | |||||||
(6) 6,950 | |||||||
(9) 2,300 |
Accounts Receivable | Accounts Payable | Service Revenue | |||||
---|---|---|---|---|---|---|---|
(5) 12,550 | (7) 9,300 | (6) 6,950 | (3) 13,700 | (5) 12,550 | |||
Supplies | Common Stock | Operating Expenses | |||||
---|---|---|---|---|---|---|---|
(2) 1,600 | (8) 950 | (1) 23,200 | (4) 2,550 | ||||
(8) 950 |
Prepare an A summary listing of the titles and balances of accounts in the ledger prior to the posting of adjusting entries.unadjusted trial balance. List all the An accounting form that is used to record the increases and decreases in each financial statement item.accounts in the order of Assets, Liabilities, Stockholders’ equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.
Napa Tours Co. | ||
Unadjusted Trial Balance | ||
April 30, 2018 | ||
Debit Balances | Credit Balances | |
Cash
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b. Based upon the unadjusted trial balance,
determine the net income or net loss.
1 | Account Debited | Account Credited | |||
Transaction | Type | Effect | Type | Effect | |
1 | asset | + | owner's equity | + | |
2 | asset | + | asset | - | |
3 | asset | + | asset | - | |
liability | + | ||||
4 | expenses | + | asset | - | |
5 | asset | + | revenue | + | |
6 | liability | - | asset | - | |
7 | asset | + | asset | - | |
8 | expenses | + | asset | - | |
9 | drawing | + | asset | - | |
2 | Unadjusted Trail Balance | ||||
April 30, 2018 | |||||
Debit | Credit | ||||
Cash | 16,100 | ||||
Accounts receivable | 3,250 | ||||
Supplies | 650 | ||||
Equipment | 16,700 | ||||
Accounts Payable | 6,750 | ||||
Common Stock | 23,200 | ||||
Dividends | 2,300 | ||||
Service Revenue | 12,550 | ||||
Operating Expenses | 3,500 | ||||
Total | 42,500 | 42,500 | |||
3 | Net Income | 9,050 | |||
(12,550 - 3,500) | |||||
Trial Balance Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours...
Print Item Trial Balance Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 40,300|(2) 2,800 (3) 29,000 (7) 16,100(3) 5,200 (9) 4,000 (4) 4,450 (6) 12,100 |(9) 4,000 Accounts Receivable (5) 21,750 (7) 16,100 Accounts Payable (6) 12,100|(3) 23,800 Service Revenue (5) 21,750 Supplies (2) 2,800 (8) 1,600 Common Stock (1) 40,300 Operating Expenses (4) 4,450...
Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 33,700 (2) 2,350 (3) 24,300 (9) 3,400 (7) 13,500 (3) 4,350 (4) 3,700 (6) 10,100 (9) 3,400 Accounts Receivable Accounts Payable Service Revenue (5) 18,200 (7) 13,500 (6) 10,100 (3) 19,950 (5) 18,200 Supplies Common Stock Operating Expenses (2) 2,350 (8) 1,350 (1) 33,700 (4) 3,700 (8)...
Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts:a a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders’ equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. b. Based upon the unadjusted trial balance, determine the net...
Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 22,200 (2) 1,550 (3) 16,000 (9) 2,200 (7) 8,900 (3) 2,900 (4) 2,450 (6) 6,650 (9) 2,200 Accounts Receivable Accounts Payable Service Revenue (5) 12,000 (5) 12,000 (7) 8,900 (6) 6,650|(3) 13,100 Supplies Common Stock Operating Expenses (2) 1,550 (8) 900 (1) 22,200...
Identifying Transactions Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash (1) 50,000 (2) 3,400 (7) 8,700 (3) 5,000 (4) 4,850 (6) 2,500 (9) 1,000 Equipment (3) 15,000 Dividends (9) 1,000 Accounts Receivable (5) 18,200 (7) 8,700 Accounts Payable (6) 2,500 (3) 10,000 Service Revenue (5) 18,200 Supplies (2) 3,400 (8) 1,100 Common Stock (1) 50,000 Operating Expenses (4)...
Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: Dividends Equipment (3) 15,000 (9) 1,500 Cash (1) 40,000 (2) 4,000 (7) 13,100(3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Service Revenue Accounts Receivable (5) 20,500 (7) 13,100 Accounts Payable (6) 6,000 (3) 10,000 (5) 20,500 Common Stock Supplies (2) 4,000 (8) 2,200 (1) 40,000 Operating Expenses...
Rocky Mountain tours CO is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2 its first month of operations are indicated in the following T accounts Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 38,400 (2) 2,700 (3) 27,600 (9) 3,800 (7) 15,350 (3) 4,950 (4)...
UHOW Me How Calculator Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 15,000 Dividends (9) 1,500 (1) 40,000 (2) 4,000 (7) 13,100|(3) 5,000 |(4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable Accounts Payable Service Revenue (5) 20,500 (7) 13,100 (6) 6,000|(3) 10,000 (5) 20,500 Supplies Common Stock (2) 4,000 (8) 2,200 (1)...
Book Show Me How apa Tours Co, is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indie sthe following T accounts: Cash Equipment Dividends (1) 32, 400(2) 2,250 (7) 12,950K3) 4,200 4) 3,550 (6) 9,700 (9) 3,200 (3) 23,300 9) 3,200 Accounts Payable Service Revenue (5) 17,500 7) 12,950 (6) 9,700 (3) 19,100 5) 17,500 Common Stock Operating Expenses (2) 2,250 (8) 1,300 (4) 3,550 (8) 1,300 (1) 32,400...
Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 15,000 Dividends (9) 1,500 (1) 40,000 (2) 4,000 (7) 13,100(3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable Accounts Payable (6) 6,000(3) 10,000 Service Revenue (5) 20,500 (5) 20,500 (7) 13,100 Supplies (2) 4,000 (8) 2,200 Common Stock (1) 40,000 ) Operating Expenses...