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Need this done in less than 1 hour please. Thank you very much in advance! Rocky Mountain Tours Co. is a travel agency. The nine
Need this done in less than 1 hour please. Thank you very much in advance!
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 40,000 (2) 13,100 (3) Equipment 15,000 Dividends 1,500 (3) (1) (7) (9) 4,000 5,000 6,175 6,000 1,500 Accounts Receivable 20,500 (7) 13,100 Accounts Payable 6,000 (3) 10,000 Service Revenue (5) 20,500 (5) (6) Common Stock Supplies 4,000 (8) (2) 2,200 (1) 40,000 (4) (8) Operating Expenses 6,175 2,200 Indicate for each debit and each credit: whether an asset, liability, stockholders' equity, dividend, revenue, or expense account was affected and whether the account was increased or decreased. Account Debited Account Credited Type Effect Type Effect Transaction (1)Step by Step Solution
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