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

Cash Equipment Beth Worley, Drawing

(1) 75,000 (2) 900 (3) 8,000 (9) 2,500

(7) 8,150 (3) 1,600

(4) 6,280

(6) 2,700

(9) 2,500

Accounts Receivable Accounts Payable Fees Earned

(5) 12,300 (7) 8,150 (6) 2,700 (3) 6,400 (5) 12,300

Supplies Beth Worley, Capital Operating Expenses

(2) 900 (8) 660 (1) 75,000 (4) 6,280

(8) 660

Prepare the nine journal entries from which the postings were made. For a compound transaction, if an amount box does not require an entry, leave it blank.

National Park Tours Co.

Journal Entries

Sr. No Account Debit Credit

1) Cash 75,000 Dr

Beth Worley Capital 75,000 Cr

Invested in capital.

2) Supplies Expense 900Dr

Cash 900 Cr

Bought Supplies

3) Equipment 8000 Dr

Cash 1600 Cr

Accounts Payable 6400 Cr

Bought Equipment.

4) Operating Expenses 6280Dr

Cash 6280 Cr

Spent on Operating Expenses

5) Accounts Receivable 12300Dr

Fees Earned 12300 Cr

Provided Services on Account.

6) Accounts Payable 2700Dr

Cash 2700 Cr

Paid cash for a liability raised previously.

7) Cash 8,150Dr

Accounts Receivable 8,150 Cr

Received Services fees.

8) Supplies Expenses 660Dr

Supplies 660 Cr

Supplies expenses charged.

9) Beth Worley, Drawing 2500Dr

Cash 2500 Cr

Withdrew for personal use.