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Identifying transactions Wyoming Tours Co. is a travel agency. The nine transactions recorded by Wyoming Tours during June 2016, its first month of operations, are indicated in the following T accounts: Indicate for each debit and each credit: (a) whether an asset, liability, owner’s equity, drawing, 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:

BuyFind

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615
BuyFind

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615

Solutions

Chapter
Section
Chapter 2, Problem 2.13EX
Textbook Problem

Identifying transactions

Wyoming Tours Co. is a travel agency. The nine transactions recorded by Wyoming Tours during June 2016, its first month of operations, are indicated in the following T accounts:

Chapter 2, Problem 2.13EX, Identifying transactions Wyoming Tours Co. is a travel agency. The nine transactions recorded by , example  1

Indicate for each debit and each credit: (a) whether an asset, liability, owner’s equity, drawing, 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:

Chapter 2, Problem 2.13EX, Identifying transactions Wyoming Tours Co. is a travel agency. The nine transactions recorded by , example  2

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Chapter 2 Solutions

Accounting (Text Only)
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