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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) | 173,000 | (b) | 29,000 | |
(d) | 13,000 | (e) | 530 | |
(g) | 1,300 | (h) | 9,300 | |
(i) | 3,300 |
Equipment | ||||
(c) | 63,000 | |||
Accounts Receivable | ||||
(f) | 11,400 | (g) | 1,300 | |
Accounts Payable | ||||
(c) | 63,000 | |||
Supplies | ||||
(b) | 29,000 | |||
Wade Wilson, Capital | ||||
(a) | 173,000 | |||
Fees Income | ||||
(d) | 13,000 | |||
(f) | 11,400 | |||
Telephone Expense | ||||
(e) | 530 | |||
Wade Wilson, Drawing | ||||
(i) | 3,300 | |||
Salaries Expense | ||||
(h) | 9,300 | |||
Determine the balance of each account.
Balance | |
cash | |
AR | |
Supplies | |
equipment | |
ap | |
WW capital | |
WW drawing | |
fees income | |
telephone expense | |
salaries expense |
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