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The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Cash (a) 179,000 (b) 35,000
The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.
| Cash | ||||
| (a) | 179,000 | (b) | 35,000 | |
| (d) | 19,000 | (e) | 590 | |
| (g) | 1,900 | (h) | 9,900 | |
| (i) | 3,900 | |||
| Equipment | ||||
| (c) | 69,000 | |||
| Accounts Receivable | ||||
| (f) | 10,200 | (g) | 1,900 | |
| Accounts Payable | ||||
| (c) | 69,000 | |||
| Supplies | ||||
| (b) | 35,000 | |||
| Wade Wilson, Capital | ||||
| (a) | 179,000 | |||
| Fees Income | ||||
| (d) | 19,000 | |||
| (f) | 10,200 | |||
| Telephone Expense | ||||
| (e) | 590 | |||
| Wade Wilson, Drawing | ||||
| (i) | 3,900 | |||
| Salaries Expense | ||||
| (h) | 9,900 | |||
Required: Prepare a statement of owners equity and a balance sheet for Residential Relocators as of December 31, 2019.
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