Based upon the T accounts in Exercise 2-4, prepare the eight journal entries from which the postings were made. Journal entry explanations may be omitted.
In exercise
Southwest Tours Co. is a travel agency. The eight transactions recorded by Southwest Tours during February 2015, its first month of operations, are indicated in the following T accounts:

Cash Equipment Mickey O'Dell, Withdrawals (1 25,000 12) 1,750 7 10,000 5,600 14) 2,700 16) 7,500 18) 2,500 (3) 18,000 (8) 2.500 Accounts Receivable (5 13,500 7) 10,D00 Accounts Payable (6) 7,500 3 12,400 Service Revenue (5) 13,500 Supplies Mickey O'Dell, Capital 1 25,000 Operating Expenses 4 2,700 (2) 1,750