Question
Journal EntriesNapa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated
Journal EntriesNapa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts:
Cash Equipment Dividends (1) 37,300 (2) 2,600 (3) 26,900 (9) 3,700 (7) 14,900 (3) 4,850 (4) 4,100 (6) 11,200 (9) 3,700
Accounts Receivable Accounts Payable Service Revenue (5) 20,150 (7) 14,900 (6) 11,200 (3) 22,050 (5) 20,150
Supplies Common Stock Operating Expenses (2) 2,600 (8) 1,500 (1) 37,300 (4) 4,100 (8) 1,500 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
Accounts Receivable
(2)Supplies
Equipment
(3)Accounts Payable
Common Stock
Dividends(4)Service Revenue
Operating Expenses
(5)
(6)
(7)
(8)
(9)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started