https%3A% achegg Help Seve & Exercise 3.6 Preparing a trial balance and an incom

Question

https%3A% achegg Help Seve & Exercise 3.6 Preparing a trial balance and an income statement. LO 3-5, 3-6 The following T accounts show transactions that were entals recorded by Residential Relocators, a firm that specializes in local housing Equ1pment Aoooents Receivable d) 10,000 ) 1,000 th) 9,000 () 3,000 s Payable (E 2,000 Required Prenare a mal halance and an income stasement for Resinene Rrinrators The tial halance in for December 21 2010 andt the ineome C Prey 8 of 25il Next> F12 PrtP 7 Y U

Explanation / Answer

Solution :

Residential Relocaters Trial Balance 31-Dec-19 Account Name Debit Credit Cash $142,500.00 Accounts receivables $11,000.00 Supplies $26,000.00 Equipment $60,000.00 Accounts payable $60,000.00 Wade Wilson's Capital $170,000.00 Wade Wilson Drawing $3,000.00 Fees Income $22,000.00 Telephone Expense $500.00 Salaries expense $9,000.00 Total $252,000.00 $252,000.00

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