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Tnal Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month
Tnal Balance 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 Equipment (1) 40,000 (2) 4,000 (3) 15,000 (7) 13,100 (3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Dividends (9) 1,500 Accounts Receivable Accounts Payable Service Revenue (5) 20,500 (7) 13,100 (6) 6,000 (3) 10,000 (5) 20,500 Supplies (2) 4,000 (8) 2,200 Common Stock (1) 40,000 Operating Expenses (4) 6,175 (8) 2,200 a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank. Rocky Mountain Tours Co. proper columns. If an entry is not required in an amount box, leave it bla Rocky Mountain Tours Co. Unadjusted Trial Balance June 30, 20Y2 Cash Common Stock X Debit Balances Credit Balances 40,000 X 40,000 X Feedback Check My Work a. Accounts with debit balances should be placed in the Debit column and thos b. Based upon the unadjusted trial balance, determine the net income or Feedback Check My Work a Accounts with debit balances should be placed in the Debit column and those with credit balances are placed in the Credit column. When finished, the column totals must be equal b. Based upon the unadjusted trial balance, determine the net income or net loss. Feedback Check My Work b. Consider the accounts involved in determining net income or net loss Feedback Check My Work Partially correct
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