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The following Taccounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 73,000 (c) (f) Accounts Receivable
The following Taccounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. Equipment 73,000 (c) (f) Accounts Receivable 8,600 (8) 2,300 (8) Cash 183,000 23,000 2,300 (h) i) Accounts Payable (c) 39,000 630 10,300 4,300 73,000 Supplies 39,000 Wade Wilson, Capital (a) (6) 183,000 Fees Income Telephone Expense 23,000 (e) 63 Wade Wilson, Drawing 4,300 (i) (f) 8,600 Salaries Expense 10,300 (h) Prepare a balance sheet for Residential Relocators as of December 31, 2019. RESIDENTIAL RELOCATORS Balance Sheet December 31, 2019 Liabilities Assets Cash Equipment Accounts receivable Supplies 73,000 6,300 39,000 Owner's Equity Wade Wilson, Capital Total assets $ 118,300 Total liabilities and Owner's equity
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