Question
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (a)181,000(b)37,000(d)21,000(e)610(g)2,100(h)10,100(i)4,100 Equipment (c)71,000 Accounts
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.
Cash(a)181,000(b)37,000(d)21,000(e)610(g)2,100(h)10,100(i)4,100 Equipment(c)71,000Accounts Receivable(f)8,200(g)2,100Accounts Payable(c)71,000Supplies(b)37,000Wade Wilson, Capital(a)181,000Fees Income(d)21,000(f)8,200Telephone Expense(e)610Wade Wilson, Drawing(i)4,100
Salaries Expense(h)10,100
How do I create a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 2019, and the income statement is for the month ended December 31, 2019.
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