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Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 2012, its first month of operations,

Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 2012, its first month of operations, are indicated in the following T accounts: (1) Cash 38,500 (2) 2,700 (7) 15,400 (3) 5,000 (4) 4,250 (6) 11,550 (9) 3,900 Equipment (3) 27,700 Dividends (9) 3,900 (5) Accounts Receivable 20,800 (7) 15,400 Accounts Payable R (6) 11,550 (3) 22,700

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