National Park Tours Co. is a travel agency. The nine transactions recorded by Na

Question

National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts Cash Equipment Beth Worley, Drawing (3) 18,6 (9) 2,6 (1) 25,800(2) 1,800 (7) 10,300(3) 3,350 (4) 2,850 (6) 7,750 (9) 2,600 Accounts Receivable Accounts Payable Fees Earned (5) 13,950(7) 10,300 (6) 7,750 (3) 15,250 (5) 13,950 Supplies Beth Worley, Capital Operating Expenses (4) 2,850 (8) 1,050 (2) 1,800 (8) 1,050 (1) 25,800 Prepare the nine journal entries from which the postings were made. For a compound transaction, if an amount box does not require an entry, leave it blank.

Explanation / Answer

Dr. Cr.

1. Cash A/c     25800

To Capital A/c 25800

2. Supplies A/c 1800

To Cash A/c 1800

3. Equipment A/c 18600

To Cash A/c 3350

To Accounts Payable A/c 15250

4. Operating Expenses A/c 2850

To Cash A/c 2850

5. Accounts Receivable A/c 13950

To Fees Earned A/c 13950

6. Accounts Payable A/c 7750

To Cash A/c 7750

7. Cash A/c 10300

To Accounts Receivable A/c 10300

8. Operating Expenses A/c 1050

To Supplies A/c 1050

9. Drawings A/c 2600

To Cash A/c 2600

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