Chapter 2, Problem 2.13EX

Identifying transactions

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:

Indicate for each debit and each credit: (A) whether an asset, liability, stockholders’ equity, dividend, revenue, or expense account was affected and (B) whether the account was increased (+) or decreased (−). Present your answers in the following form, with transaction (1) given as an example:

Account Debited			Account Credited
Transaction	Type	Effect	Type	Effect
(1)	asset	+	Stockholders’ equity	+