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Can someone help me figure out what I am missing?? I keep getting answer not complete Rickys Piano Rebuilding Company has been operating for one
Can someone help me figure out what I am missing?? I keep getting "answer not complete"
Rickys 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 | $ | 6,800 | Accounts Payable | $ | 12,600 | ||
Accounts Receivable | 32,750 | Deferred Revenue (deposits) | 3,250 | ||||
Supplies | 1,850 | Notes Payable (long-term) | 45,500 | ||||
Equipment | 14,500 | Common Stock | 7,500 | ||||
Land | 10,050 | Retained Earnings | 17,300 | ||||
Building | 20,200 | ||||||
Following are the January transactions:
- Received a $870 deposit from a customer who wanted her piano rebuilt in February.
- Rented a part of the building to a bicycle repair shop; $355 rent received for January.
- Delivered five rebuilt pianos to customers who paid $12,775 in cash.
- Delivered two rebuilt pianos to customers for $6,400 charged on account.
- Received $5,300 from customers as payment on their accounts.
- Received an electric and gas utility bill for $675 for January services to be paid in February.
- Ordered $945 in supplies.
- Paid $1,750 on account in January.
- Paid $11,000 in wages to employees in January for work done this month.
- Received and paid cash for the supplies in (g).
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