Exercise 3.7 (Algo ) Preparing a statement of owner's equity and a balance sheet. 3-6 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 on .

Exercise 3.7 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 36 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. Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31,201. Prepare a statement of owner's equity for Residential Relocators as of December 31,201. Prepare a balance sheet for Residential Relocators as of December 31,201