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5 Part 3 of 3 0.35 points Block H Prot References Required Information [The following information applies to the questions displayed below.) Ricky's Piano
5 Part 3 of 3 0.35 points Block H Prot References 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 37,200 Accounts Payable $ 8,650 Accounts Receivable 49,750 Deferred Revenue (deposits) 4,800 Supplies Equipment Land Building 1,800 Notes Payable (long-tare) 9,900 Common Stock 6,600 Retained Earnings 24,900 63,000 16,000 7,200 Following are the January transactions a. Received a $660 deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $480 rent received for January c. Delivered five rebuilt planos to customers who paid $13.850 in cash d. Delivered two rebuilt planos to customers for $7,200 charged on account e. Received $5.800 from customers as payment on their accounts f. Received an electric and gas utilny bill for $390 for January services to be paid in February g Ordered $1.285 in supples h. Paid $2.400 on account in January 1 Paid $13.100 in wages to employees in January for work done this month J. Received and paid cash for the supplies in (g/
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