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 (a) (d) (g) (h) Cash 188,000 28,000 2,800 Accounts Payable (b) 44,000 (e) 680 (h) (i) Fees Income (d) (f) Salaries Expense 10,800 10,800 4,800 Balance 78,000 28,000 9,600 Determine the balance of each account. (c) (b) Equipment 78,000 Supplies 44,000 Telephone Expense 680 (f) Accounts Receivable 9,600 (g) Wade Wilson, Capital (a) Wade Wilson, Drawing 4,800 2,800 188,000

Exercise 3.5 (Algo) Determining occount balances. LO 3-3 The following raccounts show transactions that were tecorded by Residential Relocators, a firm that specializes in iocal housing rentals. The entries for the first transaction are labeled with the letter (a). the enties for the secondtransaction with the letter (b) and so.on Determine the balance of each account Determine the balance of each account