Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May
please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash 75,000 (2) 8,150(3) 1,600 6,280 2,700 900 Accounts Receivable 12,300 (7) Supplies 900 (8) . Equipment 8,000 Accounts Payable 2,700|(3) eBook Calculator Beth Worley, Capital 75,000 Beth Worley, Drawing 2,500 Fees Earned 12,300 Operating Expenses 6,280 660 Indicate for each debit and each credit (a) whether an asset, ability, owner's equity, drawing, revenue, or expense account was affected and account was increased (+) or decreased (-). Account Debited Account Credited Transaction Type Effect Effect Asset Type Asset Liability Owner's equity Revenue Expense Men's Whi... Nike.com Azize ilk 8 Stadium G Kuzey Gn.. HBO Max Assame. False 1ce Canad eBook Show Me How Calculator Journal Entries National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment Beth Worley, Drawing (1) 40,200 (2) 2,800 (3) 28,900 (9) 4,000 (7) 16,100(3) 5,200 |(4) 4,400 (6) 12,050 |(9) 4,000 Accounts Receivable (5) 21,700(7) 16,100 Accounts Payable (6) 12,050|(3) 23,700 15) 21.700 Operating Expenses Supplies Beth Worley, Capital (1) 40,200 (4) 4,400 (2) 2,800 (8) 1,600 (8) 1,600 Prepare the nine journal entries from which the postings were made. For a compound transaction of an amount box does not require an entry leave it bank (1) Show Me How Calculator aprICETTICOOTTICHETS ONTWICIPIUTTOSTO COMPOU D (4) Illl 1 1 1 Accounts Payable (6) Accounts Receivable Beth Worley, Capital (7) Beth Worley, Drawing Cash Equipment (8) Fees Eamed Operating Expenses Supplies (9) Cengi eBook Show Me How Calculator Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment Beth Worley, Drawing (1) 27,300 (2) 1,900 (3) 19,700 (9) 2,700 (7) 10,900|(3) 3,550 (4) 3,000 (6) 8,200 |(9) 2,700 Fees Earned Accounts Receivable (5) 14,750|(7) 10,900 Accounts Payable (6) 8,200(3) 16,150 ks) 14.750 Supplies Beth Worley, Capital Operating Expenses (2) 1,900(8) 1,100 (1) 27,300 (4) 3,000 (8) 1,100 a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. National Park Tours Co. Unadjusted Trial Balance May 31, 2019 Debit Credit Balances Balances (5) 14,750 (7) 10,900 (6) 8,200 (3) 16,150 Supplies Beth Worley, Capital (2) 1,900 (8) 1,100 (1) 27,300 (8) a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the am amount box, leave it blank. National Park Tours Co. Unadjusted Trial Balance May 31, 2019 Debit Credit Balances Balances b. Based upon the unadjusted trial balance, determine the net income or net loss. eBook SHOW Me How Calculator Accounts Receivable (5) 14,750 (7) 10,900 Accounts Payable (6) 8,200 (3) 16,150 Beth Worley, Capital Op Supplies (2) 1,900 (8) 1,100 (1) 27,300 a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the a amount box, leave it blank. National Park Tours Co. Unadjusted Trial Balance May 31, 2019 Debit Credit Balances Balances Accounts Payable Cash Beth Worley, Capital Beth Worley, Drawing Operating Expenses Fees Earned b. Based upon the unadjusted trial balance, determine the net income or net loss
please answer all the questions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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