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Company nas been operating for one year. Ar the stat or the statement accounts had zero balances and its balance sheet account balances were as

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Company nas been operating for one year. Ar the stat or the statement accounts had zero balances and its balance sheet account balances were as follows second year, its income Cash Accounts receivable 30,900 Unearned revenue Supplies Equipment Land Building $ 7,000 Accounts payable 9,400 3,440 1,480 Note payable (long-term) 47,600 198 20,350 24,000 Additional paid-in capital 792 10,200 Common stock 8,200 Retained earnings a. Rebuilt and delivered five pianos in January to customers who paid $18,400 in cash b. Received a $520 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $860 for rent in January. d. Received $8,000 from customers as payment on their accounts. e. Received an electric and gas utility bill for $520 to be paid in February. f. Ordered $870 in supplies. g. Paid $2,040 on account in January h. Received from the home of Stacey Eddy, the major shareholder, a $990 toal (equipment) to use in the business in exchange for 110 shares of $1 par value stock i. Paid $14,000 in wages to employees who worked in January j. Declared and paid a $2,000dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (). Required: Prepare an income statement for January 31 (ignore income taxes). For the Month Ended January 31 Operating revenues Unearned revenue Total operating 0 revenues Operating expenses Wages expense Total operating expenses Other item Operating incomeXS 0 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted

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