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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 first
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) 170,000 (d) 10,000 (g) 1,000 (h) Accounts Payable (c) Fees Income (b) (e) (h) (1) (d) (f) Salaries Expense 9,000 26,000 500 9,000 3,000 Balance Sheet 60,000 10,000 12,000 (c) (b) (e) Equipment 60,000 Supplies 26,000 Telephone Expense 500 Complete this question by entering your answers in the tabs below. Stmt of Owners Eqty Prepare a statement of owner's equity for Residential Relocators as of December 31, 20X1. RESIDENTIAL RELOCATORS Statement of Owner's Equity Month Ended December 31, 20X1
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