prepare a statement of owners equity and a balance sheet as of DEC 31, 20X1

The following Taccounts show transactions that were recorded by Residential Relocators, a firm that specializes in focal 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 (c) Equipment 73,000 (f) Accounts Receivable 8,600 (g) 2,380 (a) d) (8) e) Cash 183, eee (b) 23,000 2,388 (h) (1) Accounts Payable (c) 39, cee 63e 10,300 4,3ee 73,eee Supplies 39,000 (b) Scott Hamilton, Capital (a) 183,800 Fees Income Telephone Expense 630 (d) (f) 23,8ee 8,60e (e) Scott Hamilton, Drawing (4) 4. Salaries Expense 10,300 ch) The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up Taccounts for each of the accounts listed and record the balances as of December 1, 20x1 on the normal balance side of the accounts Cash Accounts receivable Prepaid rent Office equipment Accounts payable 56,100 Joan Martin, Capital 9,100 Joan Martin, Drawing -- Fees income 8,6ee Utilities expense 7,400 Salaries expense 16,400 -- -- -- The firm has the following transactions during the month of December 20X1. Record the effects of these transactions in the T accounts a. Paid $2,100 for one month's rent. b. Collected $5,900 in cash from credit customers c. Performed services for $8,100 in cash. d. Paid $5,100 for salaries e. Issued a check for $4,100 to a creditor f. Performed services for $11,100 on credit g. Purchased office equipment for $2100 on credit. h. The owner withdrew $4,100 in cash for personal expenses 1. Issued a check for $710 to pay the monthly utility bill