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Exercise 3.5 (Algo) Determining account balances. LO 3-3 The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes
Exercise 3.5 (Algo) Determining account balances. LO 3-3 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. Cash Equipment (a) 189,000 (b) 45,000 (c) 79,000 (d) 29,000 (e) 690 (9) 2,900 (h) 10,900 (1) 4,900 Accounts Payable Supplies (c) 79,000 (b) 45,000 (f) Accounts Receivable 9,800 (g) 2,900 Wade Wilson, Capital (a) 189,000 Fees Income Telephone Expense (d) 29,000 (f) (e) 690 (4) Wade Wilson, Drawing 4,900 9,800 Salaries Expense (h) 10,900 es
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