Identifying Transactions

Grand Canyon Tours Co. is a travel agency. The nine transactions recorded by Grand Canyon Tours during April 2014, its first month of operations, are indicated in the following T accounts:

Indicate for each debit and each credit: whether an asset, liability, stockholders' equity, dividends, revenue, or expense account was affected and whether the account was increased or decreased.

	Account Debited		Account Credited
Transaction	Type	Effect	Type	Effect
(1)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 1	SelectIncreasedDecreasedItem 2	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 3	SelectIncreasedDecreasedItem 4
(2)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 5	SelectIncreasedDecreasedItem 6	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 7	SelectIncreasedDecreasedItem 8
(3)	SelectAssetLiabilityStockholders' equityDividendsRevenueItem 9	SelectIncreasedDecreasedItem 10	SelectAssetStockholders' equityDividendsRevenueItem 11	SelectIncreasedDecreasedItem 12
			SelectLiabilityStockholders' equityDividendsRevenueItem 13	SelectIncreasedDecreasedItem 14
(4)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 15	SelectIncreasedDecreasedItem 16	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 17	SelectIncreasedDecreasedItem 18
(5)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 19	SelectIncreasedDecreasedItem 20	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 21	SelectIncreasedDecreasedItem 22
(6)	SelectAssetLiabilityStockholders' equityDividendsRevenueItem 23	SelectIncreasedDecreasedItem 24	SelectAssetLiabilityStockholders' equityDividendsRevenueItem 25	SelectIncreasedDecreasedItem 26
(7)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 27	SelectIncreasedDecreasedItem 28	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 29	SelectIncreasedDecreasedItem 30
(8)	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 31	SelectIncreasedDecreasedItem 32	SelectAssetLiabilityStockholders' equityDividendsRevenueItem 33	SelectIncreasedDecreasedItem 34
(9)	SelectAssetLiabilityStockholders' equityDividendsRevenueItem 35	SelectIncreasedDecreasedItem 36	SelectAssetLiabilityStockholders' equityRevenueExpenseItem 37	SelectIncreasedDecreasedItem 38