Trial balance

Crazy Mountain Tours is a travel agency owned and operated by Ted Jaeger. The nine transactions recorded by Crazy Mountain Tours during May $20$Y$2,$ its first month of operations, are indicated in the following T accounts:

Cash

Transaction Debit amount Transaction Credit amount

$(1)39,700(2)2,800$

$(7)15,900(3)5,150$

$(4)4,350$

$(6)11,900$

$(9)4,000$

Equipment

Transaction Debit amount Transaction Credit amount

$(3)28,600$

Ted Jaeger, Drawing

Transaction Debit amount Transaction Credit amount

$(9)4,000$

Accounts Receivable

Transaction Debit amount Transaction Credit amount

$(5)21,450(7)15,900$

Accounts Payable

Transaction Debit amount Transaction Credit amount

$(6)11,900(3)23,450$

Service Revenue

Transaction Debit amount Transaction Credit amount

$(5)21,450$

Supplies

Transaction Debit amount Transaction Credit amount

$(2)2,800(8)1,600$

Ted Jaeger, Capital

Transaction Debit amount Transaction Credit amount

$(1)39,700$

Operating Expenses

Transaction Debit amount Transaction Credit amount

$(4)4,350$

$(8)1,600$

Question Content Area

a$.$ Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Owner's equity, Revenues, and Expenses. Place the amounts in the proper columns. If an amount box does not require an entry, leave it blank.

Crazy Mountain Tours

Unadjusted Trial Balance

May $31,20$Y$2$

Line Item Description Debit

Balances Credit

Balances

Cash

Cash

Cash

Accounts Receivable

Accounts Receivable

Accounts Receivable

Supplies

Supplies

Supplies

Equipment

Equipment

Equipment

Accounts Payable

Accounts Payable

Accounts Payable

Ted Jaeger, Capital

Ted Jaeger, Capital

Ted Jaeger, Capital

Ted Jaeger, Drawing

Ted Jaeger, Drawing

Ted Jaeger, Drawing

Service Revenue

Service Revenue

Service Revenue

Operating Expenses

Operating Expenses

Operating Expenses

Total fill in the blank d$8$f$8$c$40$e$604$dfe$4\_28$

fill in the blank d$8$f$8$c$40$e$604$dfe$4\_2$

Feedback Area

Feedback

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.

Question Content Area

b$.$ Based upon the unadjusted trial balance, determine the net income or net loss.

fill in the blank $1$ of $2$

Net income

fill in the blank $2$ of $2$$