Journal Entries 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 Receivable 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.
Journal Entries 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 Receivable 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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