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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
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 Accounts Receivable 87,980 (d) 27,080 2,709 43,808 9,480 (h) 10,700 (1) 4,700 Accounts Pavable Made Wilson, Capital (C) 77,800 43,830 (a) 187,000 Fees Incone Tele Wade Hilson, Drawi 27,800 9,498 Salaries (h) 10,700 Determine the balance of each account. Balance Cash Accounts Receivable Supplies Equipment Accounts Payable Wade Wilson, Capital Wade Wilson, Drawing Fees Income Telephone Expense Salaries Expanse Determine the balance of each account
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