Check my work The following T accounts show transactions that were recorded on December 31, 20X1 by Residential Rental Consultant, 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. Debit (a) (d) (g) (i) Debit (c) 100,000 20,000 1,500 Debit (e) Cash (h) (i) James Taylor, Drawing Debit 3,000 Equipment 30,000 Credit (b) (e) 700 Credit Telephone Expense Credit Credit 18,000 700 5,500 3,000 James Taylor, Capital Debit Debit (b) Debit (h) akade Accounts Receivable Debit (f) Debit Debit 7,500 Fees Income Credit (g) Credit (d) (f) Accounts Payable Credit (c) 1,500 20,000 7,500 30,000

Determine the balance of each account. RESIDENTIAL RENTAL CONSULTANTS Trial Balance December 31,201 The following T accounts show transactions that were recorded on December 31,201 by Residental Rentai Consultant, 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 (o), and so on Prepare a balance sheet for Residential Rental Consultants as of December 31,201. Prepare a statement of owner's equity for Residential Rental Consultants as of December 31, 20X1