Answer:
National Park /Tours Co.
National Park Tours Co.
Unadjusted Trial Balance
May 31, 2019
Account Titles Debit Credit
Cash $10,700
Equipment 25,000
Drawing 3,500
Accounts receivable 3,500
Accounts payable $ 1,750
Fees Earned 13,900
Supplies 2,450
Capital 34,700
Operating expenses 5,200
Totals $50,350 $50,350
Explanation:
a) Data and Calculations:
T-accounts
Cash
Account Titles Debit Credit
Beth Worley, Capital (1) 34,700
Supplies (2) 2,450
Equipment (3) 4,500
Operating expense (4) 3,800
Accounts payable (5) 18,750
Accounts receivable (6) 10,400
Operating expense (8) 1,400
Drawings (9) 3,500
Balance 10,700
Totals $45,100 $45,100
Equipment
Account Titles Debit Credit
Cash (3) 4,500
Accounts payable (3) 20,500
Balance 25, 000
Totals $25,000 $25,000
Beth Worley, Drawing
Account Titles Debit Credit
Cash (9) 3,500
Accounts Receivable
Account Titles Debit Credit
Fees Earned (7) 13,900
Cash (6) 10,400
Balance 3,500
Totals $13,900 $13,900
Accounts Payable
Account Titles Debit Credit
Equipment (3) 20,500
Cash (5) 18,750
Balance 1,750
Totals $20,500 $20,500
Fees Earned
Account Titles Debit Credit
Accounts receivable (7) 13,900
Supplies
Account Titles Debit Credit
Cash (2) $2,450
Beth Worley, Capital
Account Titles Debit Credit
Cash (1) 34,700
Operating Expenses
Account Titles Debit Credit
Cash (4) 3,800
Cash (8) 1,400
Balance 5,200
Totals $5,200 $5,200
