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Wk. 2- Apply: Exercise Saved The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.
Wk. 2- Apply: Exercise Saved 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. Equipment 78,000 Accounts Receivable 9,600 (g) (c) (f) 2,800 (a) (d) (g) Cash 188,000 (b) 28,000 (e) 2,800 (h) (i) Accounts Payable (c) 44,000 680 10,800 4,800 points Supplies 44,000 Wade Wilson, Capital (a) 78,000 (b) 188,000 Fees Income Telephone Expense 680 Wade Wilson, Drawing (i) 4,800 (d) (f) (e 28,000 9,600 Salaries Expense 10,800 (h) 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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