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In: Accounting

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

The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.   

Cash
(a) 172,000 (b) 28,000
(d) 12,000 (e) 520
(g) 1,200 (h) 9,200
(i) 3,200
Equipment
(c) 62,000
Accounts Receivable
(f) 11,600 (g) 1,200
Accounts Payable
(c) 62,000
Supplies
(b) 28,000
Wade Wilson, Capital
(a) 172,000
Fees Income
(d) 12,000
(f) 11,600
Telephone Expense
(e) 520
Wade Wilson, Drawing
(i) 3,200
Salaries Expense
(h) 9,200

Prepare a statement of owner’s equity for Residential Relocators as of December 31, 2019.
RESIDENTIAL RELOCATORS
Balance Sheet
December 31, 2019
Assets Liabilities
Owner's Equity
Total assets Total liabilities and Owner's equity

RESIDENTIAL RELOCATORS
Statement of Owner's Equity
Month Ended December 31, 2019

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ekkarill92 answered 2 years ago
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