Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 8.00

Wyoming Tours Co

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:

 

SHOW ME HOW

 

Cash                                              Equipment                                          Dividends

 

(1)

40,000

(2)

2,500

(3)

14,500

(9)

3,000

 

 

(7)

8,700

(3)

4,000

 

 

 

 

 

 

 

(4)

4,850

 

 

 

 

 

 

 

(6)

5,500

 

 

 

 

 

 

 

(9)

3,000

 

 

 

 

 

 

 

Accounts  Receivable

 

 

 

Accounts Payable

 

 

 

Service Revenue

(5)

13,800          (7)

8,700

(6)

5,500          (3)

10,500

 

(5)

13,800
                       

Supplies                                        Common Stock                              Operating Expenses

  

Indicate for each debit and each credit: (a) whether an  asset,  liability,  stockholders’ equity, dividend, 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:

 

Account Debited                      Account Credited

 

 

Transaction

Type

Effect

 

Type

Effect

 

 

(1)

asset

+

 

stockholders’ equity

+

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 8.00

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