Rocky Mountain Tours provides sight$-$seeing tours. The closing balance at the end of May $2018$ and their chart of accounts is shown below.

Rocky Mountain Tours

Balance Sheet

As at May $31,2018$

Assets Liabilities

Cash $$9,800$ Accounts Payable $$6,900$

Accounts Receivable $$6,800$ Unearned Revenue $$3,100$

Prepaid Insurance $$1,000$ Notes Payable $$19,500$

Equipment $$58,700$ Total Liabilities $$29,500$

Owners' Equity

Book, Capital $$46,800$

Total Assets $$76,300$ Total Liabilities & Owners' Equity $$76,300$

Account Description Account # Account Description Account #

ASSETS REVENUE

Cash $101$ Service Revenue $400$

Accounts Receivable $105$ Interest Earned on Savings $410$

Prepaid Insurance $110$ EXPENSES

Office Supplies $115$ Advertising Expense $500$

Equipment $120$ Bad Debts Expense $505$

Accumulated Depreciation $125$ Depreciation Expense $510$

LIABILITIES Insurance Expense $515$

Accounts Payable $200$ Interest Expense $520$

Interest Payable $205$ Maintenance Expense $525$

Unearned Revenue $210$ Office Supplies Expense $530$

Notes Payable $215$ Professional Fees Expense $535$

OWNER'S EQUITY Rent Expense $540$

Book, Capital $300$ Salaries Expense $545$

Book, Withdrawals $310$ Telephone Expense $550$

Income Summary $315$ Travel Expense $555$

During June $2018,$ the company prepared the following set of journal entries.

Do not enter dollar signs or commas in the input boxes.

Date Account Title and Explanation PR DR CR

Jun $1$ Cash Answer

$$4,000$

Book, Capital Answer

$$4,000$

Owner invested cash

Jun $2$ Cash Answer

$$1,500$

Unearned Revenue Answer

$$1,500$

Received deposit for future services

Jun $3$ Advertising Expense Answer

$$780$

Accounts Payable Answer

$$780$

Record advertising bill

Jun $4$ Telephone Expense Answer

$$880$

Cash Answer

$$880$

Paid telephone bill

Jun $10$ Accounts Receivable Answer

$$2,400$

Service Revenue Answer

$$2,400$

Provide service on account

a$)$ Post the journal entries to the general ledger for June $2018.$

b$)$ Fill in the PR column in the journal with the proper ledger numbers.

If there is no entry to a particular account on a given date, please leave that row blank.

No comma and dollar sign should be included in the input field.

Account: Cash GL No$.101$

Date Description PR DR CR Balance

Jun $1$ Opening Balance Answer

 

Answer rating: 100% (QA)

Here are the journal entries for June 2018 with the proper genera... View the full answer