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Check my w Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its
Check my w 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 Accounts Receivable Supplies Equipment Land Building Required: $ 7,600 Accounts Payable $ 9,600 29,800 Deferred Revenue (deposits) 3,680 1,680 Notes Payable 52,800 9,600 Contributed Capital 7,600 30,000 Retained Earnings 9,600 10,600 2. Prepare journal entries for the following January transactions, using the letter of each transaction as a reference: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Received a $660 deposit from a customer who wanted her plano rebuilt in February. h Renter a nart of the building to a bicycle renair shon: $380 rent received for January
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