Emerald Tours Co. is a travel agency. The nine transactions recorded by Emerald Tours during May 20Y5, its first month of operations, are indicated in the following T accounts: Cash Equipment Mary Silva, Drawing (1) 29,700 (2) 2,100 (3) 21,400 (9) 3,000 (7) 11,900 (3) 3,850 (4) 3,250 (6) 8,900 (9) 3,000 Accounts Receivable Accounts Payable Fees Earned (5) 16,050 (7) 11,900 (6) 8,900 (3) 17,550 (5) 16,050 Supplies Mary Silva, Capital Operating Expenses (2) 2,100 (8) 1,200 (1) 29,700 (4) 3,250 (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. Emerald Tours Co. Unadjusted Trial Balance May 31, 20Y5 Debit Balances Credit Balances Cash fill in the blank 18aab8087f9506c_2 fill in the blank 18aab8087f9506c_3 Mary Silva, Capital fill in the blank 18aab8087f9506c_5 fill in the blank 18aab8087f9506c_6 Supplies fill in the blank 18aab8087f9506c_8 fill in the blank 18aab8087f9506c_9 Equipment fill in the blank 18aab8087f9506c_11 fill in the blank 18aab8087f9506c_12 fill in the blank 18aab8087f9506c_14 fill in the blank 18aab8087f9506c_15 fill in the blank 18aab8087f9506c_17 fill in the blank 18aab8087f9506c_18 fill in the blank 18aab8087f9506c_20 fill in the blank 18aab8087f9506c_21 fill in the blank 18aab8087f9506c_23 fill in the blank 18aab8087f9506c_24 fill in the blank 18aab8087f9506c_26 fill in the blank 18aab8087f9506c_27 fill in the blank 18aab8087f9506c_28 fill in the blank 18aab8087f9506c_29 b. Based upon the unadjusted trial balance, determine the net income or net loss. Net income $fill in the blank 40f97f00a05e047_2
Emerald Tours Co. is a travel agency. The nine transactions recorded by Emerald Tours during May 20Y5, its first month of operations, are indicated in the following T accounts: Cash Equipment Mary Silva, Drawing (1) 29,700 (2) 2,100 (3) 21,400 (9) 3,000 (7) 11,900 (3) 3,850 (4) 3,250 (6) 8,900 (9) 3,000 Accounts Receivable Accounts Payable Fees Earned (5) 16,050 (7) 11,900 (6) 8,900 (3) 17,550 (5) 16,050 Supplies Mary Silva, Capital Operating Expenses (2) 2,100 (8) 1,200 (1) 29,700 (4) 3,250 (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. Emerald Tours Co. Unadjusted Trial Balance May 31, 20Y5 Debit Balances Credit Balances Cash fill in the blank 18aab8087f9506c_2 fill in the blank 18aab8087f9506c_3 Mary Silva, Capital fill in the blank 18aab8087f9506c_5 fill in the blank 18aab8087f9506c_6 Supplies fill in the blank 18aab8087f9506c_8 fill in the blank 18aab8087f9506c_9 Equipment fill in the blank 18aab8087f9506c_11 fill in the blank 18aab8087f9506c_12 fill in the blank 18aab8087f9506c_14 fill in the blank 18aab8087f9506c_15 fill in the blank 18aab8087f9506c_17 fill in the blank 18aab8087f9506c_18 fill in the blank 18aab8087f9506c_20 fill in the blank 18aab8087f9506c_21 fill in the blank 18aab8087f9506c_23 fill in the blank 18aab8087f9506c_24 fill in the blank 18aab8087f9506c_26 fill in the blank 18aab8087f9506c_27 fill in the blank 18aab8087f9506c_28 fill in the blank 18aab8087f9506c_29 b. Based upon the unadjusted trial balance, determine the net income or net loss. Net income $fill in the blank 40f97f00a05e047_2
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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Emerald Tours Co. is a travel agency. The nine transactions recorded by Emerald Tours during May 20Y5, its first month of operations, are indicated in the following T accounts:
Cash Equipment Mary Silva, Drawing (1) 29,700 (2) 2,100 (3) 21,400 (9) 3,000 (7) 11,900 (3) 3,850 (4) 3,250 (6) 8,900 (9) 3,000
Accounts Receivable Accounts Payable Fees Earned (5) 16,050 (7) 11,900 (6) 8,900 (3) 17,550 (5) 16,050
Supplies Mary Silva, Capital Operating Expenses (2) 2,100 (8) 1,200 (1) 29,700 (4) 3,250 (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.Emerald Tours Co. Unadjusted Trial Balance May 31, 20Y5 Debit
BalancesCredit
BalancesCash fill in the blank 18aab8087f9506c_2 fill in the blank 18aab8087f9506c_3 Mary Silva, Capital fill in the blank 18aab8087f9506c_5 fill in the blank 18aab8087f9506c_6 Supplies fill in the blank 18aab8087f9506c_8 fill in the blank 18aab8087f9506c_9 Equipment fill in the blank 18aab8087f9506c_11 fill in the blank 18aab8087f9506c_12 fill in the blank 18aab8087f9506c_14 fill in the blank 18aab8087f9506c_15 fill in the blank 18aab8087f9506c_17 fill in the blank 18aab8087f9506c_18 fill in the blank 18aab8087f9506c_20 fill in the blank 18aab8087f9506c_21 fill in the blank 18aab8087f9506c_23 fill in the blank 18aab8087f9506c_24 fill in the blank 18aab8087f9506c_26 fill in the blank 18aab8087f9506c_27 fill in the blank 18aab8087f9506c_28 fill in the blank 18aab8087f9506c_29 b. Based upon the unadjusted trial balance, determine the net income or net loss.
Net income $fill in the blank 40f97f00a05e047_2
Expert Solution
Step 1
Income Statement is the part of financial statement which shows the net profit or loss earned by the Company during the particular period.
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