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The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. (a) 95,000 (d) 15,000 (b)
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. (a) 95,000 (d) 15,000 (b) 23,000 (e) 350 5,500 2,500 (g) 1,500 (h) (1) Accounts Payable (h) Cash Fees Income Trial Balance Salaries Expense 5,500 (c) (d) (4) Income Statement 40,000 15,000 5,000 Account Name RESIDENTIAL RELOCATORS Trial Balance December 31, 20X1 (c) 40,000 Equipment (e) Complete this question by entering your answers in the tabs below. Debit (b) 23,000 Supplies Prepare a trial balance for Residential Relocators for the month of December 31, 20X1. Telephone Expense 350 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. Credit Accounts Receivable 5,000 (g)
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