World Co. is a travel agency. The nine transactions recorded by World during April, its month...

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World Co. is a travel agency. The nine transactions recorded by World during April, its month of operations, are indicated in the following T-Accounts. Write the Journal entries according to the transactions in the T-Accounts. Cash Equipment (1) 30,000 (7) 9,500 Accounts (5) 13,000 (2) 1,500 (3) 10,000 (4) 4,050 (6) 7,500 (8) 3,000 Receivable (7) 9,500 Transaction # Service Revenue (5) 13,000 (3) 30,000 Accounts Payable. (6) 7,500 (3) 20,000 Supplies (2) 1,500 (9) 1,050 General Journal Accounts Dividends (8) 3,000 Operating Expenses (4) 4,050 (9) 1,050 Capital Stock (1) 30,000 Debits Credits World Co. is a travel agency. The nine transactions recorded by World during April, its month of operations, are indicated in the following T-Accounts. Write the Journal entries according to the transactions in the T-Accounts. Cash Equipment (1) 30,000 (7) 9,500 Accounts (5) 13,000 (2) 1,500 (3) 10,000 (4) 4,050 (6) 7,500 (8) 3,000 Receivable (7) 9,500 Transaction # Service Revenue (5) 13,000 (3) 30,000 Accounts Payable. (6) 7,500 (3) 20,000 Supplies (2) 1,500 (9) 1,050 General Journal Accounts Dividends (8) 3,000 Operating Expenses (4) 4,050 (9) 1,050 Capital Stock (1) 30,000 Debits Credits

Answer rating: 100% (QA)

SOLUTION Our journals are entered as follows Transaction 1 2 3 4 5 6 7 8 9 D... View the full answer