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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 (2) 170,000 (b)
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (2) 170,000 (b) (d) 10,000 (0) 26,000 588 (c) Equipment 68,880 (8) 1,000 (h) 9,000 (1) 3,000 Accounts Payable (c) 60,888 (b) Supplies 26,000 (f) Accounts Receivable 12,000 1,000 Scott Hamilton, Capital (a) 178,868 Fees Incone Telephone Expense (d) (f) 10,888 12,000 (0) 588 (1) Scott Hamilton, Drawing 3,080 (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 an income statement for Residential Relocators for the month ended December 31, 20x1. RESIDENTIAL RELOCATORS Income Statement Month Ended December 31, 201 Revenue Expenses Total expenses 0
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