National Park Tours Co. is a travel agency. The nine transactions registered by National Park Tours during May 2019, its first month of operations, are indicated in the following accounts:

Money			Equipment			Beth Worley, Drawing
(1) 32,000	(2) 2,250		(3) 23,000			(9) 3,200
(7) 12,800	(3) 4,150
	(4) 3,500
	(6) 9,600
	(9) 3,200

accounts receivable			Accounts payable			earned fees
(5) 17,300	(7) 12,800		(6) 9,600	(3) 18,850			(5) 17,300

supplies			Beth Worley, Capital			operating expenses
(2) 2,250	(8) 1,300			(1) 32,000		(4) 3,500
						(8) 1,300

a. Prepare an unadjusted trial balance, listing the accounts in their correct order. Put the amounts in the corresponding columns.

b. Based on the unadjusted trial balance, determine the net income or net loss.

Comment

c. Consider the accounts involved in determining net profit or loss.

Answer rating: 100% (QA)

a The unadjusted trial balance for National Park Tours Co as of May 2019 is Ac... View the full answer