14 Required Information [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: Cash Accounts Receivable Supplies Equipment Land Buildings $ 6,758 Accounts Payable 23,258 Deferred Revenue (deposits) $ 8,458 3,150 1,258 Notes Payable (long-term) 17,700 Common Stock 52,258 10,500 10,700 Retained Earnings 16,500 31,200 Following are the January transactions: a. Received a $880 deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $405 rent received for January c. Delivered five rebuilt pianos to customers who paid $16,500 in cash. d. Delivered two rebuilt planos to customers for $8,400 charged on account. e. Received $6,750 from customers as payment on their accounts. 1 Received an electric and gas utility bill for $455 for January services to be paid in February g. Ordered $1,270 in supplies. h. Paid $1,550 on account in January. Paid $11,300 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g) No Transaction a 2 b 3 Cash Deferred Revenue Interest Revenue Bank Charges Expense Bank Charges Expense 4 d Bank Charges Expense 5 9 Cash 6 f Cash 7 No Journal Entry Required 8 h No Journal Entry Required General Jour < Prev 7 8 9 10 of 10 Next > 3 Required information 4 d Bank Charges Expense Bank Charges Expense 5 B Cash 6 f Cash 7 9 No Journal Entry Required B h No Journal Entry Required 9 10 No Journ Entry Required No Journal Entry Required