Question

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)	185,000	(b)	41,000
(d)	25,000	(e)	650
(g)	2,500	(h)	10,500
		(i)	4,500

Equipment
(c)	75,000

Accounts Receivable
(f)	9,000	(g)	2,500

Accounts Payable
		(c)	75,000

Supplies
(b)	41,000

Wade Wilson, Capital
		(a)	185,000

Fees Income
		(d)	25,000
		(f)	9,000

Telephone Expense
(e)	650

Wade Wilson, Drawing
(i)	4,500

Salaries Expense
(h)	10,500

Determine the balance of each account.

Answer 1

		Cash
	a	185,000	b	41,000
	d	25,000	e	650
	g	2,500	h	10,500
			i	4,500
	end bal	155,850
		Equipment
	c	75,000
	end bal	75,000
		Accounts receivable
	f	9,000	g	2,500
	end bal	6500
		Accounts payable
			c	75,000
			end bal	75,000
		Supplies
	b)	41,000
	End bal	41,000
		Wade Wilson capital
			a)	185,000
			End bal	185,000
		Fees income
			d	25,000
			f	9,000
			End bal	34,000
		Telephone expense
	e)	650
	End bal	650
		Wade wilson,Drawing
	i	4,500
	End bal	4,500
		Salaries expense
	h	10,500
	End bal	10,500