Emerald Tours Co. is a travel agency. The nine transactions recorded by Emerald Tours during May 20Y5, its first month of operations, are indicated in the following T accounts:

Cash			Equipment			Mary Silva, Drawing
(1) 37,300	(2) 2,600		(3) 26,900			(9) 3,700
(7) 14,900	(3) 4,850
	(4) 4,100
	(6) 11,200
	(9) 3,700

Accounts Receivable			Accounts Payable			Fees Earned
(5) 20,150	(7) 14,900		(6) 11,200	(3) 22,050			(5) 20,150

Supplies			Mary Silva, Capital			Operating Expenses
(2) 2,600	(8) 1,500			(1) 37,300		(4) 4,100
						(8) 1,500

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a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

	Debit Balances	Credit Balances
Accounts PayableCashFees EarnedMary Silva, CapitalNotes PayableCash	Cash	Cash
Accounts PayableAccounts ReceivableFees EarnedMary Silva, CapitalNotes PayableAccounts Receivable	Accounts Receivable	Accounts Receivable
Accounts PayableFees EarnedMary Silva, CapitalNotes PayableSuppliesSupplies	Supplies	Supplies
Accounts PayableEquipmentFees EarnedMary Silva, CapitalNotes PayableEquipment	Equipment	Equipment
Accounts PayableAccounts ReceivableEquipmentMary Silva, DrawingOperating ExpensesAccounts Payable	Accounts Payable	Accounts Payable
Accounts ReceivableEquipmentMary Silva, CapitalMary Silva, DrawingOperating ExpensesMary Silva, Capital	Mary Silva, Capital	Mary Silva, Capital
Accounts PayableFees EarnedMary Silva, CapitalMary Silva, DrawingNotes PayableMary Silva, Drawing	Mary Silva, Drawing	Mary Silva, Drawing
Accounts ReceivableCashFees EarnedMary Silva, DrawingOperating ExpensesFees Earned	Fees Earned	Fees Earned
Accounts PayableMary Silva, CapitalFees EarnedNotes PayableOperating ExpensesOperating Expenses	Operating Expenses	Operating Expenses
	fill in the blank 60460bf4604e069_28	fill in the blank 60460bf4604e069_29

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b. Based upon the unadjusted trial balance, determine the net income or net loss.

Net incomeNet lossNet income

$fill in the blank 536fc6030ff2fbb_2