The following T accounts show transactions that were recorded by Residential Relocators, a firm that
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