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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
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. Cash (a) (d) 183,000 (b) 39,000 (c) Equipment 73,000 23,000 (e) 630 (B) 2,300 (h) 10,300 (1) 4,300 Accounts Payable (c) 73,000 (b) Supplies 39,000 (h) (f) Accounts Receivable 8,600 (g) 2,300 Wade Wilson, Capital (a) 183,000 Fees Income Telephone Expense Wade Wilson, Drawing (d) 23,000 630 (1) 4,300 (f) 8,600 Salaries Expense 10,300 Determine the balance of each account. Cash Accounts Receivable Supplies Equipment Accounts Payable Wade Wilson, Capital Wade Wilson, Drawing Fees Income Telephone Expense Salaries Expense Balance
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