FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 | Equipment | Dividends | |||||
|---|---|---|---|---|---|---|---|
| (1) 36,500 | (2) 2,550 | (3) 26,300 | (9) 3,700 | ||||
| (7) 14,600 | (3) 4,750 | ||||||
| (4) 4,000 | |||||||
| (6) 10,950 | |||||||
| (9) 3,700 |
| Accounts Payable | Service Revenue | ||||||
|---|---|---|---|---|---|---|---|
| (5) 19,700 | (7) 14,600 | (6) 10,950 | (3) 21,550 | (5) 19,700 | |||
| Supplies | Common Stock | Operating Expenses | |||||
|---|---|---|---|---|---|---|---|
| (2) 2,550 | (8) 1,450 | (1) 36,500 | (4) 4,000 | ||||
| (8) 1,450 |
Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry, leave it blank.
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