Trial Balance

Rocky Mountain Tours Co$.$ is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June $20$Y$2,$ its first month of operations, are indicated in the following $T$ accounts:

Cash

$(1)31,200$

$(2)2,200$

$(7)12,500$

$(3)4,050$

$(4)3,450$

$(6)9,350$

$(9)3,100$

Accounts Receivable

$(5)16,850$

$(7)12,500$

Supplies

$(2)2,200$

$(8)1,250$

Equipment

$(3)22,500$

$(9)3,100$

Accounts Payable

$(6)9,350$

$(3)18,450$

Common Stock

$(1)31,200$

Dividends

$(9)3,100$

Service Revenue

$(5)16,850$

Operating Expenses

$(4)3,450$

$(8)1,250$

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$.$

Unadjusted Trial Balance

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$.$

Unadjusted Trial Balance

June $30,20Y2$

Debit Balances Credit Balances

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

$