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Prepare an unadjusted trial balance listing the accounts

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Reference no: EM13589381

Southwest Tours Co. is a travel agency. The nine transactions recorded by Southwest Tours during April 2014, its first month of operations, are indicated in the following T accounts:

Cash
Equipment
Mickey O'Dell, Drawing
(1) 30,300 (2) 2,100
(3) 21,800

(9) 3,000
(7) 12,100 (3) 3,900






(4) 3,350






(6) 9,100






(9) 3,000





Accounts Receivable
Accounts Payable
Service Revenue
(5) 16,350 (7) 12,100
(6) 9,100 (3) 17,900

(5) 16,350








Supplies
Mickey O'Dell, Capital
Operating Expenses
(2) 2,100 (8) 1,200

(1) 30,300
(4) 3,350






(8) 1,200

a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

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

Reference no: EM13589381

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