Crazy Mountain Tours Co. is a travel agency. The nine transactions recorded by Crazy Mountain Tours during May 20Y2, its first month of operations, are indicated in the following T accounts:

Indicate for each debit and each credit: 

(a) Whether an asset, liability, stockholders’ equity, dividend, revenue, or expense account was affected 

(b) Whether the account was increased (+) or decreased (–). Present your answers in the following form, with transaction (1) given as an example:

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Cash Dividends Equipment 30,000 (1) 50,000 (2) 4,000 (3) 1,500 (7) 13,100 (3) 10,000 (4) 6,175 6,000 1,500 (6) (9) Accounts Receivable Accounts Payable Service Revenue (5) 20,500 (7) 13,100 (6) 6,000 (3) 20,000 (5) 20,500 Operating Expenses Supplies 4,000 | (8) Common Stock (2) 2,200 (1) 50,000 (4) 6,175 (8) 2,200