Question

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:

1. 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) 1,350

1. Prepare the nine journal entries from which the The process of transferring the debits and credits from the journal entries to the accounts.postings were made. If an amount box does not require an entry, leave it blank

1. (1)	Cash Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Cash Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (2)	Accounts Receivable Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Accounts Receivable Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (3)	Supplies Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Supplies Accounts Payable Accounts Receivable Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Supplies Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (4)	Equipment Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Equipment Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (5)	Accounts Payable Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Accounts Payable Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (6)	Common Stock Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Common Stock Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (7)	Dividends Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Dividends Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (8)	Service Revenue Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Service Revenue Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   (9)	Operating Expenses Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies
   	Operating Expenses Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Operating Expenses Service Revenue Supplies

Answer 1

Journal entries

No	Account and explanation	debit	credit
1	Cash	33700
	Common Stock		33700
	(To record issue common Stock)
2	Supplies	2350
	Cash		2350
	(To record supplies purchased)
3	Equipment	24300
	Cash		4350
	Account payable		19950
	(To record equipment purchase)
4	Operating expense	3700
	cash		3700
	(To record operating expense paid)
5	Account receivable	18200
	Service revenue		18200
	(To record perform service revenue)
6	Account payable	10100
	Cash		10100
	(To record amount paid)
7	Cash	13500
	Account receivable		13500
	(To record amount received)
8	Operating expense	1350
	Supplies		1350
	(To record operating expense)
9	Dividend	3400
	Cash		3400
	(To record dividend paid)