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Journal entries Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 20Y2, its first month of
Journal entries 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 (2) Service Revenue (5) 20,500 Supplies 4,000 (8) 2,200 Common Stock (1) 50,000 Operating Expenses (4) (8) 6,175 2,200 Prepare the nine journal entries from which the postings were made. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Transaction (1) Account Debit Credit (2) (3) (4) (5) (6) (7) (8) (9) 161 000 100 00
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