Question

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 (4) 2,450 (8) 900 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 Rocky Mountain Tours Co. Unadjusted Trial Balance June 30, 2012

Answer 1

Rocky mountains tour & CO.

Unadjusted Trial Balance June 30, 20Y2

Cash	$15350	0
Accounts Receivable	$ 3100	0
Supplies	$ 650
Equipment	$16000
Account payable		$6450
Common Stock		$22200
Dividends	$2200
Service Revenue		$12000
Operating Expenses	$3350
Total	$40650	$40650

Net Income= Service Expense-Operating Expenses= $12000-$3350=$8650