National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019

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

Indicate for each debit and each credit (a) whether an asset, liability, owner’s equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased (–). Present your answers in the following form, with transaction (1) given as an example:


Account Debited Account Credited
Transaction Type Effect Type Effect
(1) asset + owner’s equity +





Answer:

a. and b.
Effect Type Effect
asset + owner’s equity +
asset + asset –
asset + asset –
liability +
expense + asset –
asset + revenue +
liability – asset –
asset + asset –
expense + asset –
drawing + asset –