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Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of
Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations are indicated in the following T accounts: Cash (1) 34,400 (2) 2,400 Equipment (2) 24,800 Dividends (9) 3,400 (7) 13,750 (3) 4.450 (4) 3.800 (6) 10.300 (9) 3.400 Accounts Receivable Accounts Payable Service Revenue (5) 18,600 (7) 13,750 (6) 10.300 (3) 20.350 (5) 18,600 Supplies (2) 2.400 (8) 1,400 Common Stock (1) 34,400 Operating Expenses (4) 3.000 (8) 1.400 Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry, leave it blank. Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry, leave it blank. (1) Cash Common Stock 34,400 34,400 (2) Supplies Cash (3) Equipment Accounts Payable Cash (4) Operating Expenses Cash 1.000 X 1.000 X 24,800 . 10,050 X 14,750 X 5,200 X 5.200 X (5) Accounts Receivable 4,850 X Service Revenue 4,850 X (6) Accounts Payable 10,050 X Cash 10.050 X (7) Cash 4,850 X Accounts Receivable 4,850 X (8) Operating Expenses Supplies (9) Dividends Cash 5,200 X 5,200 X 3,400 > 3,400
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