cash credit is $960$

B$.$ Prepare adjusting entries on January $312021.$ Some additional information: the equipment was purchased at $$11,900$ on the first day of the operation $($January $12020)$ and was depreciated evenly over its expected life.

Question $4$: Staceys Piano Rebuilding Company

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

Required:

A Prepare the journal entries for the following trancictions in January $2021$

a$.$ Rehuilt and delivered five panos in January to customers who paid $$19,000$ in

cash.

b$.$ Received a $$600$ deposin from a customer who wanted her pano rebuile.

c$.$ Rented a part of the bulding to a bicycle repair shop, received $$850$ for rent in January.

d$.$ Received $$7,200$ from customers as payment on their accounts.

c$.$ Received an electric and gas utility bill for $$400$ to be paid in Fehruary

Ordered $$960$ in supplies.

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

h$.$ Pard $$16\mathrm{.}500$ in wages to employees who worked in January

Deslared and paid a $$2\mathrm{.}200$ dividend.

Received and paid cash for the supplies in $($f$)$