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The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (d) 170,000 10,000
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (d) 170,000 10,000 (b) 26,000 (c) Equipment 60,000 (e) 500 (g) 1,000 (h) 9,000 (1) 3,000 Accounts Payable (c) 60,000 (b) Supplies 26,000 (f) Accounts Receivable 12,000 (s) 1,000 Scott Hamilton, Capital (a) 170,000 Fees Income Telephone Expense (d) 10,000 (e) 500 (4) Scott Hamilton, Drawing 3,000 (f) 12,000 (h) Salaries Expense 9,000 Required: Prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 20X1, and the income statement is for the month ended December 31, 20X1. Complete this question by entering your answers in the tabs below. Trial Balance Income Statement Prepare a trial balance for Residential Relocators for the month of December 31, 20X1. RESIDENTIAL RELOCATORS Trial Balance December 31, 20X1 Account name Debit Credit Totals $ 0 Trial Balance Income Statement Prepare an income statement for Residential Relocators for the month ended December 31, 20X1 RESIDENTIAL RELOCATORS Income Statement Month Ended December 31, 20X1 Revenue Expenses Total expenses
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