Salaries Expense(h)9, 200Determine the balance of each account.BalanceCashAccounts ReceivableSuppliesEquipmentAccounts PayableWade Wilson, CapitalWade Wilson, DrawingFees IncomeTelephone ExpenseSalaries Expense The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housingrentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), andso on.CashEquipmentAccounts Receivable(a) 172, 00028, 000(b)(e)(h)(i)Accounts Payable(c)(с)62,000(f)11, 600(g)1, 200(d)12, 0005209, 2003, 200(g)1, 200Supplies28, 000Wade Wilson, Capital(а)62, 000(b)172,000Telephone Expense(e)Fees IncomeWade Wilson, Drawing(d)(f)12,00011, 600520(i)3, 200Salaries Expense(h)9, 200Determine the balance of each account.BalanceCashAccounts ReceivableSupplies< Prev6 of 9Next >DI%23%24964.8.ey51

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Description: Salaries Expense(h)9, 200Determine the balance of each account.BalanceCashAccounts ReceivableSuppliesEquipmentAccounts PayableWade Wilson, CapitalWade Wilson, DrawingFees IncomeTelephone ExpenseSalaries Expense The following T accounts show transact

Trial balance is the summary of all general ledger account balances in the business.

Answered: Determine the balance of each account.…

Business

Accounting

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 1EA: Identify whether each of the following transactions, which are related to revenue recognition, are...

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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) 179,000 (b) 35,000 (d) 19,000 (e) 590 (g) 1,900 (h) 9,900 (i) 3,900 Equipment (c) 69,000 Accounts Receivable (f) 10,200 (g) 1,900 Accounts Payable (c) 69,000 Supplies (b) 35,000 Scott Hamilton, Capital (a) 179,000 Fees Income (d) 19,000 (f) 10,200 Telephone Expense (e) 590 Scott Hamilton, Drawing (i) 3,900 Salaries…
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) 174,000 (b) 30,000 (d) 14,000 (e) 540 (g) 1,400 (h) 9,400 (i) 3,400 Equipment (c) 64,000 Accounts Receivable (f) 11,200 (g) 1,400 Accounts Payable (c) 64,000 Supplies (b) 30,000 Wade Wilson, Capital (a) 174,000 Fees Income (d) 14,000 (f) 11,200 Telephone Expense (e) 540 Wade Wilson, Drawing (i) 3,400 Salaries Expense…
Directions: Record the transactions directly into the T-accounts. The transactions are independent of one another. Use the following account titles: CashOwner’s WithdrawalsAccounts ReceivableProfessional FeesOffice EquipmentSalaries ExpenseOffice FurnitureRent ExpenseAccounts PayableUtility ExpenseOwner’s CapitalMiscellaneous Expense a. The owner deposited P280,000 in the name of his business.b. He purchased 4-in-1 equipment from Limay Equipment for P4,950, paying P1,000 in cash and the balance on the account.c. He bought chairs and tables for the office for P12,300 cash.d. He purchased furniture from Orion Company for P2,750 in cash.e. He received and paid the telephone bill from Ph Telecom amounting to P1,080.f. He billed his customers P12,940 for services on account.g. He paid P1,850 for the electric bill from BEBECO.h. He paid P3,500 for the membership fee.i. He received P17,650 in cash for services rendered.j. He paid P1,000 to partially settle accounts with Orion Company.k. He…
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