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: 15,000 Deferred Revenue (deposits) 2,100 Notes Payable (long-term) 9,500 Common Stock Cash $ 7,850 Accounts Payable Accounts Receivable Supplies Equipment Land Buildings 8,400 Retained Earnings 28,400 Following are the January transactions: $ 10,300 4,400. 41,500 10,000 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). 4. Prepare an unadjusted trial balance at January 31. RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash $ 16 Accounts Receivable Supplies Equipment Land Buildings Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Total $ 16 $ 0