Exercise 3.7 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 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 so on. Cash (a) 186,000 (b) 42,000 (c) Equipment 76,000 (d)) 26,000 (0) 660 (g) 2,600 (b) 10,600 (1) 4,600 Accounts Payable Supplies (c) 76,000 (b) 42,000 (f) Accounts Receivable 9,200 (g) 2,600 Scott Hamilton, Capital (a) 186,000 Fees Incone Telephone Expense (d) 26,000 (e) 660 (4) Scott Hamilton, Drawing 4,600 (f) 9,200 Salaries Expense (h) 10,600