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Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 20Y2, its first month of operations,

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Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 20Y2, its first month of operations, are indicated in the following T accounts: Cash (1) 50,000 (2) 4,000 (7) 13,100 (3) 10,000 (4) 6,175 (6) 6,000 (9) 1,500 Equipment (3) 30,000 Dividends < (9) 1,500 Accounts Receivable (5) 20,500 (7) 13,100. Accounts Payable (6) 6,000 (3) 20,000 Service Revenue (5) 20,500

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