The following T accounts show transactions that were recorded by rentals. The en

Question

The following T accounts show transactions that were recorded by rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction so on Residential Relocators, a firm that specializes in local housing with the letter (b), and (a) 175,000 d) 15, 000 (9) 1,500 b)31.000 550 th) 9,500 ,500 (c) 65,000 lel ) 11,000 (g) 1,500 (e) 65,000 b 31,000 (a) 175,000 s50 11.000 )3,500 h 9,500 Determine the balance of each account Equipment Wson Capita (Prev Sof7 Net

Explanation / Answer

Calculate balances :

Cash $146950 Account receivable $9500 Supplies $31000 Equipment $65000 Account payable $65000 Wade wilson's capital $175000 Wade wilson's drawings $3500 Fees earned $26000 Telephone expenses $550 Salaries expenses $9500

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