Emerald Tours Co. is a travel agency. The nine transactions recorded by Emerald Tours during May 20Y5, its first month of operations, are indicated in the following T accounts: Cash Mary Silva, Drawing 3,200 Equipment (1) 97,000 (2) 1,160 (3) 10,350 (9) (7) 10,540 (3) 2,070 (4) 8,120 (6) 3,490 (9) 3,200 Accounts Receivable Accounts Payable Fees Earned (5) 15,910 (7) 10,540 (6) 3,490 (3) 8,280 (5) 15,910 Supplies Mary Silva, Capital Operating Expenses (2) 1,160 (8) 850 (1) 97,000 (4) 8,120 (8) 850

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.