Identifying Transactions

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
(1)	97,000	(2)	1,160
(7)	10,540	(3)	2,070
		(4)	8,120
		(6)	3,490
		(9)	3,200

Accounts Receivable
(5)	15,910	(7)	10,540

Supplies
(2)	1,160	(8)	850

Equipment
(3)	10,350

Accounts Payable
(6)	3,490	(3)	8,280

Mary Silva, Capital
		(1)	97,000

Mary Silva, Drawing
(9)	3,200

Fees Earned
		(5)	15,910

Operating Expenses
(4)	8,120
(8)	850

Indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased ().

	Account Debited		Account Credited
Transaction	Type	Effect	Type	Effect
(1)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityRevenueExpense	+-
(2)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityRevenueExpense	+-
(3)	AssetLiabilityOwner's equityDrawingRevenue	+-	AssetOwner's equityDrawingRevenue	+-
			LiabilityOwner's equityDrawingRevenue	+-
(4)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityRevenueExpense	+-
(5)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityRevenueExpense	+-
(6)	AssetLiabilityOwner's equityDrawingRevenue	+-	AssetLiabilityOwner's equityDrawingRevenue	+-
(7)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityRevenueExpense	+-
(8)	AssetLiabilityOwner's equityRevenueExpense	+-	AssetLiabilityOwner's equityDrawingRevenue	+-
(9)	AssetLiabilityOwner's equityDrawingRevenue