E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [The following information applies to the questions displayed below.] 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 Buildings $ 7,850 Accounts Payable $ 10,300 15,000 Deferred Revenue (deposits) 4,400 2,100 Notes Payable (long-term) 9,500 Common Stock 41,500 10,000 8,400 Retained Earnings 28,400 Following are the January transactions: 5,050 a. Received a $690 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $350 rent received for January. c. Delivered five rebuilt pianos to customers who paid $15,050 in cash. d. Delivered two rebuilt pianos to customers for $7,700 charged on account. e. Received $6,350 from customers as payment on their accounts. f. Received an electric and gas utility bill for $765 for January services to be paid in February. g. Ordered $900 in supplies. h. Paid $2,450 on account in January. i. Paid $10,900 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). 3. Post the journal entries to the T-accounts. Show the beginning and unadjusted ending balances in the T-accounts. Cash Account Receivable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Supplies Debit Credit Beginning Balance Ending Balance 0 Debit Beginning Balance. Ending Balance Land 0 Credit Ending Balance 0 Equipment Debit Credit Beginning Balance Ending Balance 0 Building Debit Credit Beginning Balance Ending Balance 0 Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Accounts Payable Notes Payable 0 Credit Deferred Revenue Debit Credit Beginning Balance Ending Balance 0 Common Stock Credit Debit Credit Beginning Balance Ending Balance 0 Retained Earnings Debit Credit Beginning Balance Ending Balance Service Revenue Debit Credit Beginning Balance Ending Balance 0 Debit Credit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Rent Revenue 0 0 Service Revenue Debit Credit Beginning Balance Ending Balance 0 Salaries and Wages Expense Credit Debit Credit Beginning Balance Utilites Expense Debit Credit Beginning Balance. Ending Balance Ending Balance