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
(1) 75,000	(2) 900		(3) 8,000			(9) 2,500
(7) 8,150	(3) 1,600
	(4) 6,280
	(6) 2,700
	(9) 2,500

Accounts Receivable			Accounts Payable			Fees Earned
(5) 12,300	(7) 8,150		(6) 2,700	(3) 6,400			(5) 12,300

Supplies			Beth Worley, Capital			Operating Expenses
(2) 900	(8) 660			(1) 75,000		(4) 6,280
						(8) 660

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)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)

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Answer 1

1	Cash	75000
	Beth Worley, Capital		75000
2	Supplies	900
	Cash		900
3	Equipment	8000
	Accounts Payable		6400
	Cash		1600
4	Operating Expenses	6280
	Cash		6280
5	Accounts Receivable	12300
	Fees Earned		12300
6	Accounts Payable	2700
	Cash		2700
7	Cash	8150
	Accounts Receivable		8150
8	Operating Expenses	660
	Supplies		660
9	Beth Worley, Drawing	2500
	Cash		2500