Journal Entries Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 50,000 (2) 3,400 (3) 15,000 (9) 1,000 (7) 8,700 (3) 5,000 (4) 4,850 (6) 2,500 (9) 1,000 Accounts Receivable Accounts Payable Service Revenue (5) 18,200 (7) 8,700 (6) 2,500 (3) 10,000 (5) 18,200 Supplies Common Stock Operating Expenses (2) 3,400 (8) 1,100 (1) 50,000 (4) 4,850 (8) 1,100 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. (1) fill in the blank 2 fill in the blank 4 (2) fill in the blank 6 fill in the blank 8 (3) fill in the blank 10 fill in the blank 11 fill in the blank 13 fill in the blank 14 fill in the blank 16 fill in the blank 17 (4) fill in the blank 19 fill in the blank 21 (5) fill in the blank 23 fill in the blank 25 (6) fill in the blank 27 fill in the blank 29 (7) fill in the blank 31 fill in the blank 33 (8) fill in the blank 35 fill in the blank 37 (9) fill in the blank 39 fill in the blank 41

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journal Entries

Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts:

Cash		Equipment		Dividends
(1) 50,000	(2) 3,400		(3) 15,000		(9) 1,000
(7) 8,700	(3) 5,000
	(4) 4,850
	(6) 2,500
	(9) 1,000

Accounts Receivable		Accounts Payable		Service Revenue
(5) 18,200	(7) 8,700		(6) 2,500	(3) 10,000	(5) 18,200

Supplies		Common Stock	Operating Expenses
(2) 3,400	(8) 1,100		(1) 50,000	(4) 4,850
				(8) 1,100

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.

(1)	fill in the blank 2
		fill in the blank 4
(2)	fill in the blank 6
		fill in the blank 8
(3)	fill in the blank 10	fill in the blank 11
	fill in the blank 13	fill in the blank 14
	fill in the blank 16	fill in the blank 17
(4)	fill in the blank 19
		fill in the blank 21
(5)	fill in the blank 23
		fill in the blank 25
(6)	fill in the blank 27
		fill in the blank 29
(7)	fill in the blank 31
		fill in the blank 33
(8)	fill in the blank 35
		fill in the blank 37
(9)	fill in the blank 39
		fill in the blank 41

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