E3-12 Recording and Posting Accrual Basis Journal Entries the start 2,3-3 and its balance sheet account bal. its second year, its income statement accounts had zero balances and its balanc ances were as follows: Ricky's Piano Rebuilding Company has been operating for one year. On January I. at t $ 8,000 3,200 40,000 8,000 9,000 S 6,000 25,000 Accounts Payable Unearned Revenue (deposits) Cash Accounts Receivable Supplies Equipment Land Building 1,200 Notes Payable 8,000 Common Stock 6,000 Retained Earnings 22,000 Required: 1. Create T-accounts for the balance sheet accounts and for these additional accounts: Service Revenue, Rent Revenue, Salaries and Wages Expense, and Utilities Expense. Enter the begin- ning balances. Prepare journal entries for the following January transactions, using the letter of each transac- tion as a reference: a. Received a S500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $300 rent received for January c. Delivered five rebuilt pianos to customers who paid $14,500 in cash. d. Delivered two rebuilt pianos to customers for $7,000 charged on account. e. Received $6,000 from customers as payment on their accounts. f. Received an electric and gas utility bill for $350 for January services to be paid in February. g. Ordered $800 in supplies. h. Paid $1,700 on account in January. 2. i. Paid $10,000 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g). t the journal entries to the Taccounts. Show the unadjusted ending balances in the j. T-accounts