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Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of
Trial Balance 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 (1) 40,000 (2) 4,000 (7) 13,100 (3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable (5) 20,500 (7) 13,100 Supplies (2) 4,000 (8) 2,200 Accounts Receivable Supplies Equipment Cash Common Stock Dividends Accounts Payable Service Revenue Operating Expenses Feedback 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 Equipment (3) 15,000 Accounts Payable (6) 6,000 (3) 10,000 Common Stock (1) 40,000 ttps://v2.cendagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker2tak Debit Balances Credit Balances X X Dividends (9) 1,500 Service Revenue b. Based upon the unadjusted trial balance, determine the net income or net loss. (5) 20,500 Operating Expenses (4) 6,175 (8) 2,200 antSession! neator=&inprogress=false 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. 1/2
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