Question

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 (8) 1,600 a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and expenses. Hace 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

Answer 1

Answer -

Napa Tours Co.
Unadjusted Trial Balance
April 30, 2018
	Debit balances	Credit balances
Cash	$27850
Accounts receivable	$5650
Supplies	$1200
Equipment	$29000
Accounts payable		$11700
Common stock		$40300
Dividends	$4000
Service revenue		$21750
Operating expenses	$6050
	$73750	$73750

Calculation:

1. Cash:

Dr.	Cash		Cr.
(1)	$40300	(2)	$2800
(7)	$16100	(3)	$5200
		(4)	$4450
		(6)	$12100
		(9)	$4000
Ending balance	$27850

= [$40300 + $16100] - [$2800 + $5200 + $4450 + $12100 + $4000] = $27850

2. Accounts receivable:

Dr.	Accounts receivable		Cr.
(5)	$21750	(7)	$16100
Ending balance	$5650

= $21750 - $16100 = $5650

3. Supplies:

Dr.	Supplies		Cr.
(2)	$2800	(8)	$1600
Ending balance	$1200

= $2800 - $1600 = $1200

4. Equipment:

Dr.	Equipment		Cr.
(3)	$29000
Ending balance	$29000

5. Accounts payable:

Dr.	Accounts payable		Cr.
(6)	$12100	(3)	$23800
		Ending balance	$11700

= $23800 - $12100 = $11700

6. Common stock:

Dr.	Common stock		Cr.
		(1)	$40300
		Ending balance	$40300

7. Dividends:

Dr.	Dividends		Cr.
(9)	$4000
Ending balance	$4000

8. Service revenue:

Dr.	Service revenue		Cr.
		(5)	$21750
		Ending balance	$21750

9. Operating expenses:

Dr.	Operating expenses		Cr.
(4)	$4450
(8)	$1600
Ending balance	$6050

= $4450 + $1600 = $6050