The following T accounts show transactions that were recorded on December 31 20X1 by residential...
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The following T accounts show transactions that were recorded on December 31 20X1 by residential rental consultant, 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 Debit. credit (a). 181,000. (b). 73,000 (d) 21,000. (e). 610 (g). 2,100. (h). 10,100 (I). 4,100 James Taylor Drawing Debit. credit (I). 4,100 Equipment Debit. credit (c). 71,000. Telephone Expense Debit. credit (e). 610 James Taylor Capital Debit. Credit (a). 181,000 Supplies Debit. Credit (b) 73,000 Salaries Expense Debit. Credit (h). 10,100 Accounts Receivable Debit. Credit (f). 8,200. (g). 2,100 Fees Income Debit. Credit (d). 21,000 (f). 8,200 Accounts Payable Debit. Credit (c). 71,000 Determine the balance of each account Cash Accounts Receivable Supplies Equipment Accounts payable James Taylor Capital James Taylor Drawing Fees Income Telephone Expense Salaries Expense
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