Question
Prepare a statement of owner's equity for Residential Relocators as of December 31, 2019. Cash debit=111,500. Cash credit=31,350. Accts payable=40,000. Fees income=20,000. Salaries exp.=5,500. Equip.=40,000.
Prepare a statement of owner's equity for Residential Relocators as of December 31, 2019. Cash debit=111,500. Cash credit=31,350. Accts payable=40,000. Fees income=20,000. Salaries exp.=5,500. Equip.=40,000. Supplies=23,000. Telephone=350. Acct rev=6,500. Capital=95,000. Drawing=2,500.
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Financial Accounting International Edition
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
0137067798, 978-0137067794
