Southwest Tours Co. is travel agency. The nine transactions recorded by Southwest Tours during May 2012, its first month of operations, are indicated in the following T accounts:

Indicate for each debit and each credit: (a) Whether an asset, liability, capital stock, dividends, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased (–). Present your answers in the following form, with transaction (1) given as an example:

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Dividends 4,000 Equipment 18,000 Cash 40,000 (2) 10,000 (3) (4) (6) (1) (7) 2.000 (3) 3,600 2,700 9,000 4,000 19) Service Revenue Accounts Receivable Accounts Payable 9,000 (3) 10.000 (6) (5) 18,500 17) 14,400 (5) 18,500 Capital Stock Operating Expenses 2,700 Supplies 2,000 (8) 1.050 40,000 (4) (1) (8) 1,050