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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 (a) (d) 174,000
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (a) (d) 174,000 (b) 30,000 (c) Equipment 64,000 14,000 (e) 540 (g) 1,400 (h) 9,400 (i) 3,400 Accounts Payable Supplies (c) 64,000 (b) 30,000 (f) Accounts Receivable 11,200 (g) 1,400 Scott Hamilton, Capital (a) 174,000 Fees Income Telephone Expense (d) (f) 14,000 11,200 (e) 540 Scott Hamilton, Drawing (i) 3,400 (h) Salaries Expense 9,400 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Income Trial Balance 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 < Trial Balance 0 Income Statement >
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