Journal EntriesRocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts:Cash Equipment Dividends(1) 36,500(2) 2,550 (3) 26,300 (9) 3,700 (7) 14,600(3) 4,750 (4) 4,000 (6) 10,950 (9) 3,700 Accounts Receivable Accounts Payable Service Revenue(5) 19,700(7) 14,600 (6) 10,950(3) 21,550 (5) 19,700 Supplies Common Stock Operating Expenses(2) 2,550(8) 1,450 (1) 36,500 (4) 4,000 (8) 1,450 Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry, leave it blank.

Name: Journal EntriesRocky Mountain Tours Co. is a travel agency. The nine t
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Description: Journal EntriesRocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts:Cash Equipment Dividends(1) 36,500(2) 2,550

Journal entries are prepared as the first step in recording the transactions. The day-to-day…

Answered: Journal Entries Rocky Mountain Tours…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter3: Processing Accounting Information

Section: Chapter Questions

Problem 3.6AMCP: Accounts Used to Record Transactions A list of accounts, with an identifying number for each, is...

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Journal Entries

Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts:

Cash		Equipment		Dividends
(1) 36,500	(2) 2,550		(3) 26,300		(9) 3,700
(7) 14,600	(3) 4,750
	(4) 4,000
	(6) 10,950
	(9) 3,700

Accounts Receivable		Accounts Payable		Service Revenue
(5) 19,700	(7) 14,600		(6) 10,950	(3) 21,550	(5) 19,700

Supplies		Common Stock	Operating Expenses
(2) 2,550	(8) 1,450		(1) 36,500	(4) 4,000
				(8) 1,450

Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry, leave it blank.

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