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Help prepare statement of owners equity and a balance sheet The following accounts show transactions that were recorded by Residential Relocators, a firm that specializes
Help prepare statement of owners equity and a balance sheet
The following 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. Equipment 60.000 (f) Accounts Receivable 12.000 () 1,000 (d) (e) Cash 170,000 ( 10,000 ( 1.000 ( Accounts Payable () ecas C 26,000 500 9.000 3,000 Supplies 26,000 60,000 (b) Scott Hamilton, Capital (a) 170,000 Fees Income Telephone Expense 500 (0) (1) 10,000 12,000 (e) Scott Hamilton Drawing (3) 3,000 Salaries Expense 9,000 (h) Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 20X1. Stmt of Owners Eqty Balance Sheet Prepare a statement of owner's equity for Residential Relocators as of Decemb RESIDENTIAL RELOCATORS Statement of Owner's Equity Month Ended December 31, 20X1 Scott Hamilton, Capital, Dec 1, 20X1 K SOOwner ty Balance Prepare a balance sheet for Residential Relocators as of December 31, 20X1. RESIDENTIAL RELOCATORS Balance Sheet December 31, 20X1 Assets Liabilities Owner's Equity $ Total Assets 0 Total Liabilities and Owner's Equity $ 0 Step by Step Solution
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