Questions
National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours...

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 followingT accounts:

Cash Equipment Beth Worley, Drawing
(1) 32,000 (2) 2,250 (3) 23,000 (9) 3,200
(7) 12,800 (3) 4,150
(4) 3,500
(6) 9,600
(9) 3,200
Accounts Receivable Accounts Payable Fees Earned
(5) 17,300 (7) 12,800 (6) 9,600 (3) 18,850 (5) 17,300
Supplies Beth Worley, Capital Operating Expenses
(2) 2,250 (8) 1,300 (1) 32,000 (4) 3,500
(8) 1,300

a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

National Park Tours Co.
Unadjusted Trial Balance
May 31, 2019
Debit
Balances
Credit
Balances
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Beth Worley, Capital
Beth Worley, Drawing
Fees Earned
Operating Expenses

b. Based upon the unadjusted trial balance, determine the net income or net loss.
  $

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b. Consider the accounts involved in determining net income or net loss.

In: Accounting

National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours...

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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