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3 ces The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for
3 ces The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. (a (d) (h) Cash 187,000 27,000 2,700 Accounts Payable Fees Income (b) (e) (h) (i) Salaries Expense 10,700 Cash Accounts Receivable Supplies Equipment Accounts Payable Wade Wilson, Capital Wade Wilson, Drawing Fees Income Telephone Expense Salaries Expense (d) (f) Determine the balance of each account. 43,000 670 10,700 4,700 Balance 77,000 27,000 9,400 (c) (b) (e) Equipment 77,000 Supplies 43,000 Telephone Expense 670 (f) (i) Accounts Receivable 9,400 (g) Wade Wilson, Capital (a) Wade Wilson, Drawing 4,700 2,700 187,000
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