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Connect O & https//newconnect mbeducation.com/flow/connect html hed M Inbos (983)- ccar Youtube ice Help Save & Exit T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local Housing The following rentals Cash Equipnent Accounts Receivable e) 40, a) 1s, 000 toj (h) ,500 )2,500 Wade Wi1son, Capital Telephone Expense Wade Wilson, Deaving id) 15,on 5,000 Required: Prepare a statement of owners equity and a balance sheet for Residential Relocators as of December 31, 2019 Complete this question by entering your answers in the tabs below Owners Egty balance Sheet Prepare a statement of owner's equity for Residential Relocators as of December 31, 2019

Explanation / Answer

Residential Relocators

Statement of Owner's Equity

Month ended December 31, 2018 (Amount in $)

Balance Sheet

December 31,2019 (Amount in $)

Total Liabilities &

Owner's Equity

Note

1. Net Income for December :

Particulars Amount Amount Wade Wilson, Capital Dec1, 2019 95000 Net Income for December (Refer Note 1) 14150 Less : Withdrawals for December (2500) Increase in Capital 11650 Wade Wilson, Capital, Dec31,2019 106650

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