The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.
| Cash |
| (a) | 172,000 | (b) | 28,000 |
| (d) | 12,000 | (e) | 520 |
| (g) | 1,200 | (h) | 9,200 |
| | | (i) | 3,200 |
| Accounts Receivable |
| (f) | 11,600 | (g) | 1,200 |
| Accounts Payable |
| | | (c) | 62,000 |
| Wade Wilson, Capital |
| | | (a) | 172,000 |
| Fees Income |
| | | (d) | 12,000 |
| | | (f) | 11,600 |
| Telephone Expense |
| (e) | 520 | | |
| Wade Wilson, Drawing |
| (i) | 3,200 | | |
| Salaries Expense |
| (h) | 9,200 | | |
Prepare a statement of owners equity for Residential Relocators as of December 31, 2019.
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| | | RESIDENTIAL RELOCATORS | | Balance Sheet | | December 31, 2019 | | Assets | Liabilities | | | | | | | | | | | | | | Owner's Equity | | | | | | | | | | | | Total assets | | Total liabilities and Owner's equity | | |
| |
| | | RESIDENTIAL RELOCATORS | | Statement of Owner's Equity | | Month Ended December 31, 2019 | | | | | | | | | | | | | | | | | | | | | |
