Prepare nine journal enteries from which postings were made

Reference no: EM132088134

Question: 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:

Cash - 6/1: 35,000, 6/2: 27,00, 6/3: 4,500, 6/5: 4,700, 6/9: 5,200, 6/25: 2,500.

Accounts Receivable: 6/8: 14,000 , 6/11: 8,300

Supplies - 6/2: 2,700 , 6/15: 1,100

Equipment - 6/3: 14,900

Accounts Payable - 6/9: 5,200 , 6/3: 10,400

Common Stock - 6/1: 35,000

Dividends - 5/25: 2,500

Service Revenue - 6/8: 14,000

Operating Expenses - 6/5: 4,700 , 6/15: 1,100

Based upon the T accounts provided, prepare nine journal enteries from which the postings were made. Enter the transactions in chronological order. Refer to the Chart of Accounts for exact wording of account titles.

Reference no: EM132088134

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