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

Transaction	Debit amount	Transaction	Credit amount
(1)	38,900	(2)	2,700
(7)	15,550	(3)	5,050
		(4)	4,300
		(6)	11,650
		(9)	3,900

Equipment

Transaction	Debit amount	Transaction	Credit amount
(3)	28,000

Dividends

Transaction	Debit amount	Transaction	Credit amount
(9)	3,900

Accounts Receivable

Transaction	Debit amount	Transaction	Credit amount
(5)	21,000	(7)	15,550

Accounts Payable

Transaction	Debit amount	Transaction	Credit amount
(6)	11,650	(3)	22,950

Service Revenue

Transaction	Debit amount	Transaction	Credit amount
		(5)	21,000

Supplies

Transaction	Debit amount	Transaction	Credit amount
(2)	2,700	(8)	1,550

Common Stock

Transaction	Debit amount	Transaction	Credit amount
		(1)	38,900

Operating Expenses

Transaction	Debit amount	Transaction	Credit amount
(4)	4,300
(8)	1,550

Question Content Area

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.

Crazy Mountain Tours Co. Unadjusted Trial Balance May 30, 20Y2

Line Item Description	Debit Balances	Credit Balances
Accounts PayableCashCommon StockDividendsOperating Expenses	- Select -	- Select -
Accounts PayableAccounts ReceivableCommon StockDividendsOperating Expenses	- Select -	- Select -
Accounts PayableCommon StockDividendsOperating ExpensesSupplies	- Select -	- Select -
Accounts PayableEquipmentDividendsOperating ExpensesService Revenue	- Select -	- Select -
Accounts PayableAccounts ReceivableDividendsService RevenueSupplies	- Select -	- Select -
Accounts ReceivableEquipmentCommon StockDividendsOperating Expenses	- Select -	- Select -
Accounts PayableAccounts ReceivableEquipmentDividendsOperating Expenses	- Select -	- Select -
CashDividendsOperating ExpensesService RevenueSupplies	- Select -	- Select -
Common StockEquipmentOperating ExpensesService RevenueSupplies	- Select -	- Select -
Total	Total	Total

Question Content Area

b. Based upon the unadjusted trial balance, determine the net income or net loss. fill in the blank 1 of 2

Net incomeNet loss

fill in the blank 2 of 2$