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The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 65,000 Cash 175,000 15,000
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 65,000 Cash 175,000 15,000 1,500 (c) (f) Accounts Receivable 11,000 (g) 1,500 (a) (d) (g) 31,000 550 9,500 3,500 i) Accounts Payable (c) Supplies 31,000 65,000 (b) Wade Wilson, Capital (a) 175,000 Fees Income Telephone Expense 550 Wade Wilson, Drawing (i) 3,500 (d) (f) 15,000 11,000 Salaries Expense 9,500 (h) Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 2019. Complete this question by entering your answers in the tabs below. Stmt of Owners Eqty Balance Sheet Prepare a statement of owner's equity for Residential Relocators as of December 31, 2019. RESIDENTIAL RELOCATORS Statement of Owner's Equity Month Ended December 31, 2019 Stmt of Owners Eqty Balance Sheet Prepare a balance sheet for Residential Relocators as of December 31, 2019. RESIDENTIAL RELOCATORS Balance Sheet December 31, 2019 Liabilities Assets Owner's Equity Total assets Total liabilities and Owner's equity
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