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Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital

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Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital 25,300 Retained earnings $ 9,600 3,840 48,500 1,600 7,000 11,560 a. Rebuilt and delivered five pianos in January to customers who paid $19,000 in cash. b. Received a $600 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the building to a bicycle repair shop: received $850 for rent in January d. Received $7,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $400 to be paid in February 1. Ordered $960 in supplies. g. Paid $2,300 on account in January h. Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchange for 100 shares of $1 par value stock. 1. Paid $16,500 in wages to employees who worked in January J.Declared and paid a $2,200 dividend (reduce Retained Earnings and Cash) k. Received and paid cash for the supplies in () 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were Revendes Expenses Net income Assets = Liabilities + Stockholders' equity

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