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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 67,000 Accounts Receivable (f)
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 67,000 Accounts Receivable (f) 10,600 (g) (c) 1,700 (a) (d) (g) Cash 177,000 (b) 17,000 1,700 (h) (i) Accounts Payable (c) 33,000 570 9,700 3,700 67,000 Supplies 33,000 Wade Wilson, Capital (a) (b) 177,000 Fees Income Telephone Expense 570 Wade Wilson, Drawing (i) 3,700 (d) (f) 17,000 10,600 (e) Salaries Expense 9,700 (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 Less: Withdrawals for December Complete this question by entering your answers in the tabs below. 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 Assets Liabilities Owner's Equity Total assets 0 Total liabilities and Owner's equity $
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