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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 185,000 (d) 25,000
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash 185,000 (d) 25,000 (g) 2,500 : (b) (e) 41,000 650 (c) Equipment 75,000 (h) 10,500 (i) 4,500 Accounts Payable (c) 75,000 (b) Supplies 41,000 (f) Accounts Receivable 9,000 (g) 2,500 Scott Hamilton, Capital (a) 185,000 Fees Income (d) (f) 25,000 9,000 (e) Telephone Expense 650 4,500 Scott Hamilton, Drawing (i) (h) Salaries Expense 10,500 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.
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