C$.$ Calculate the net income for January $2021$

D$.$ Prepare the Balance sheet on Jan $312021.$

Question $4$: Stacey's Piano Rebuilding Company

Stacey's Plano Rebuilding Company has been operating for one year. At the start of the socond year $($January $12021),$ its income statement accounts had zero balances and its balance sheet account balances were as follows:

A$.$ Prepare the journal entries for the following transactions in January $2021.$

a$.$ Rebuilt and deliwered five puanos in January to customers who paid $$19,000$ in sash.

b$.$ Recewed a $$600$ deposit trom a eustomer who wanted her piano rehuile.

c$.$ Rented a part of the huilding to a bicycle repair shopi received ssiso for remt in January:

d$.$ Receved $$7,200$ from cusnomers as payment on their abcounts.

c$.$ Received an electric and gus utility hill far $$400$ to he puid in F'ethruary

Ordered $5960$ in suppliss.

g$.$ Paid $$2,300$ on ascourt in January.

h$.$ Paid $$16,500$ in wagss to cmplayess who uarked in Lanuans

Declared and paid a $$2,200$ dividend,

Recelved and paid cash for the supplies in $($f$).$