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Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of
Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 15,000 Dividends (9) 1,500 (1) 40,000 (2) 4,000 (7) 13,100(3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable Accounts Payable (6) 6,000(3) 10,000 Service Revenue (5) 20,500 (5) 20,500 (7) 13,100 Supplies (2) 4,000 (8) 2,200 Common Stock (1) 40,000 ) Operating Expenses (4) 6,175 (8) 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. (1) Cash 40,000 Common Stock 40,000 (2) Supplies Accounts Payable x (3) Accounts Payable x Common Stock x Dividends x (4) Service Revenue x Operating Expenses X X (5) Accounts Payable x 00000000000000000 i bo DVD II II II II II II (6) Common Stock x (7) Dividends x (8) Service Revenue x (9) Operating Expenses x
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