Trial Balance National Park Tours Co. is a travel agency. The nine transactions

Question

Trial Balance 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) 2,5001 (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 1) 75,000 Operating Expenses (4) 6,280 (8) 660 (2) 900 (8) 660 a. Prepare an unadjusted trial balance, isting 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

Explanation / Answer

Unadjusted trial balance :

National part tours co.

May 31,2019

b) Net income = 12300-6940 = $5360

Debit credit Cash 69170 Account receivable 4150 Supplies 240 Equipment 8000 Account payable 3700 Beth worley, capital 75000 Beth worley, drawing 2500 Fees earned 12300 Operating expense 6940 Total 91000 91000

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