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The following Taccounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction
The following Taccounts 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 185,000 25,000 2,500 (b) (c) Equipment 75, eee (f) Accounts Receivable 9,880 (a) (d) (g) 2,500 41,000 650 10,500 4,500 (h) (i) Accounts Payable (C) Supplies 41, eee Wade Wilson, Capital (a) 75,000 (b) 185,000 Fees Income (e) Telephone Expense 65 Wade Wilson, Drawing 4,580 (i) (h) Salaries Expense 10,500 Determine the balance of each account. Balance Cash Accounts Receivable Supplies Equipment Accounts Payable Wade Wilson, Capital Wade Wilson, Drawing Fees Income Telephone Expense Salaries Expense
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