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:Cash5/175,0005/29005/118,1505/31,600 5/56,280 5/92,700 5/252,500Equipment5/38,000 Beth Worley, Drawing5/252,500 Accounts Receivable5/812,3005/118,150Accounts Payable5/92,7005/36,400Fees Earned 5/812,300Supplies5/29005/15660Beth Worley, Capital 5/175,000Operating Expenses5/56,280 5/15660 Based upon the T accounts provided, prepare the nine journal entries from which the postings were made.

Name: National Park Tours Co. is a travel agency. The nine transactions reco
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Description: 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:Cash5/175,0005/29005/118,1505/31,600 5/56,280 5/92,700 5/25

Answered: National Park Tours Co. is a travel…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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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
5/1	75,000	5/2	900
5/11	8,150	5/3	1,600
		5/5	6,280
		5/9	2,700
		5/25	2,500

Equipment
5/3	8,000

Beth Worley, Drawing
5/25	2,500

Accounts Receivable
5/8	12,300	5/11	8,150

Accounts Payable
5/9	2,700	5/3	6,400

Fees Earned
		5/8	12,300

Supplies
5/2	900	5/15	660

Beth Worley, Capital
		5/1	75,000

Operating Expenses
5/5	6,280
5/15	660

Based upon the T accounts provided, prepare the nine journal entries from which the postings were made.

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Journal is a book in which day to day financial events are recorded in chronological order. Journal forms the basis for the further accounting processes.

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