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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. Equipment 68,000 (C) Cash (a) 178,000 (b) (d) 18,000 (e (g) 1,800 (h) () Accounts Receivable (f) 10,400 (g) leosa 34,000 580 9,800 3,800 Accounts Payable 1,800 68,000 Supplies 34,000 Wade Wilson, Capital (a) (b) 178,000 Fees Income Telephone Expense 580 (d) (f) 18,000 10,400 (e) Wade Wilson, Drawing (i) 3,800 Salaries Expense 9,800 (h) Determine the balance of each account. Balance Cash Accounts Receivable Supplies Equipment Accounts Payable Wade Wilson, Capital Wade Wilson, Drawing Fees Income Telephone Expense Salaries Expense
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