Identifying Transactions
National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts:
Cash | |||
---|---|---|---|
(1) | 75,000 | (2) | 900 |
(7) | 8,150 | (3) | 1,600 |
(4) | 6,280 | ||
(6) | 2,700 | ||
(9) | 2,500 |
Accounts Receivable | |||
---|---|---|---|
(5) | 12,300 | (7) | 8,150 |
Supplies | |||
---|---|---|---|
(2) | 900 | (8) | 660 |
Equipment | |||
---|---|---|---|
(3) | 8,000 |
Accounts Payable | |||
---|---|---|---|
(6) | 2,700 | (3) | 6,400 |
Beth Worley, Capital | |||
---|---|---|---|
(1) | 75,000 |
Beth Worley, Drawing | |||
---|---|---|---|
(9) | 2,500 |
Fees Earned | |||
---|---|---|---|
(5) | 12,300 |
Operating Expenses | |||
---|---|---|---|
(4) | 6,280 | ||
(8) | 660 |
Indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased (–).
Account Debited | Account Credited | |||
Transaction | Type | Effect | Type | Effect |
(1) | ||||
(2) | ||||
(3) | ||||
(4) | ||||
(5) | ||||
(6) | ||||
(7) | ||||
(8) | ||||
(9) |
Account Debited | Account Credited | |||
Transaction | Type | Effect | Type | Effect |
1 | Asset | increased (+) 75000 | owner's equity | increased (+) 75000 |
2 | Asset | increased (+) 900 | Asset | decreased (–) 900 |
3 | Asset | increased (+) 8000 | Asset | decreased (–) 1600 |
Liability | increased (+) 6400 | |||
4 | expense | increased (+) 6280 | Asset | decreased (–) 6280 |
5 | Asset | increased (+) 12300 | Revenue | increased (+) 12300 |
6 | Liability | decreased (–) 2700 | Asset | decreased (–) 2700 |
7 | Asset | increased (+) 8150 | Asset | decreased (–) 8150 |
8 | expense | increased (+) 660 | Asset | decreased (–) 660 |
9 | Drawing | increased (+) 2500 | Asset | decreased (–) 2500 |
Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National...
Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash 900 (7) 75,000 (2) 8,150 (3) (4) (6) (9) 1,600 6,280 2,700 2,500 Accounts Receivable (5) 12,300 (7) 8,150 ) Supplies 900(8) (2) 660 Equipment 8,000 (3) Check My Work 3 more Check My Work uses remaining, < Previous Next > Email Instructor Save and Exit...
please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash 75,000 (2) 8,150(3) 1,600 6,280 2,700 900 Accounts Receivable 12,300 (7) Supplies 900 (8) . Equipment 8,000 Accounts Payable 2,700|(3) eBook Calculator Beth Worley, Capital 75,000 Beth Worley, Drawing 2,500 Fees Earned 12,300 Operating Expenses 6,280 660 Indicate for each debit...
eBook Show Me How Calculator Print Item Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 8,000 Beth Worley, Drawing (9) 2,500 (1) 75,000 (2) 900 (7) 8,150|(3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Accounts Payable Fees Earned Accounts Receivable (5) 12,300|(7) 8,150 (6) 2,700|(3) 6,400 (5) 12,300 Supplies (2) 900 (8)...
eBook Show Me How Calculator Print Item Journal Entries National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment Beth Worley, Drawing (9) 2,500 (3) 8,000 (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Fees Earned Accounts Receivable Accounts Payable (6) 2,700|(3) 6,400 (5) 12,300 (5) 12,300|(7) 8,150 Supplies (2) 900...
National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Beth Worley, Drawing 1) 37,2002) 2,600 7)14,900(3)4,800 4) 4,100 6) 11,150 9) 3,700 9) 3,7 Accounts Receivable Accounts Payable Fees Earned (5) 20,100) 14,900 (6) 11.1503) 22,000 5) 20,100 Supplies Beth Worley, Capital Operating Expenses 8) 1,500 1) 37,200 4) 4,1 (8) 1 Prepare the nine Sournal entries from...
Account Balances a. During February, $81,480 was paid to creditors on account, and purchases on account were $104,290. Assuming that the February 28 balance of Accounts Payable was $35,040, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $50,700. During October, $441,100 was collected from customers on account. Assuming that the October 31 balance was $58,300, determine the fees billed to customers on account during October c. On April 1, the cash...
Identifying transactions Wyoming Tours Co. is a travel agency. The nine transactions recorded by Wyoming Tours during June 2016, its first month of operations, are indicated in the following T accounts Lorene Jones, Drawing (9) Cash Equipment 14,500 (1) 40,000 (2) 2,500 (3) 3,000 (3 (7) 8,700 4,000 (4) (6) (9) 4,850 5,500 3,000 Accounts Receivable Accounts Payable 5,500 (3) Service Revenue (5) 13,800 (7) 8,700 (6) 10,500 (5) 13,800 Lorene Jones, Capital Supplies Operating Expenses 2.500 (8) 1,100 (2)...
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)...
Identifying Transactions 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 15,000 Dividends 1,500 (2) (3) (9) (1) (7) 40,000 13,100 (3) 4,000 5,000 6,175 6,000 1,500 Accounts Receivable 20,500 (7) 13,100 Accounts Payable 6,000 (3) 10,000 Service Revenue (5) 20,500 (5) Common Stock Supplies 4,000 (8) (2) 2,200 (1) 40,000 (4) (8) Operating Expenses 6,175...
tional Park Tours during May 2019, its first month of operations, are indicated in Trial Balance National Park Tours Co. is a travel agency. The nine transactions the following T accounts: Cash Equipment (1) 27,300(2) 1,900 (3) 19,700 (7) 10,900|(3) 3,550 (4) 3,000 (6) 8,200 (9) 2,700 Beth Worley, Drawing (9) 2,700 Fees Earned Accounts Receivable (5) 14,750|(7) 10,900 Accounts Payable (6) 8,200|(3) 16,150 |(5) 14,750 Supplies Beth Worley, Capital Operating Expenses (2) 1,900(8) 1,100 (1) 27,300 (4) 3,000 (8)...