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1. Create a Journal Entry Sheet for the January Transactions. 2. Prepare and unadjusted trial balance at January 31. 3. Prepare an Income statement for
1. Create a Journal Entry Sheet for the January Transactions.
[The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Following are the January transactions: a. Received a $880 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $405 rent received for January. c. Dellvered five rebuilt pianos to customers who paid $16,500 in cash. d. Delivered two rebuilt pianos to customers for $8,400 charged on account. e. Received $6,750 from customers as payment on their accounts. f. Received an electric and gas utility bill for $455 for January services to be paid in February. 9. Ordered $1,270 in supplies. h. Paid $1,550 on occount in January. i. Paid $11,300 in wages to employees in January for work done this month. j. Recelved and paid cash for the supplies in (g). Journal entry worksheet 7 8 9 Received a $880 deposit from a customer who wanted her piano rebuilt in February. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 910 Rented a part of the building to a bicycle repair shop; $405 rent received for January. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Delivered five rebuilt pianos to customers who paid $16,500 in cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 2. Prepare and unadjusted trial balance at January 31.
3. Prepare an Income statement for the month ended January 31 using Expenses and Revenues
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