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 $ 8,100 Accounts Payable 38,000 Deferred Revenue (deposits) 2,800 Notes Payable (long-term) 13,000 Common Stock 7,300 Retained Earnings 22,300 $ 11,350 5,000 49,500 16,500 9,150 Following are the January transactions: a. Received a $695 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $325 rent received for January c. Delivered five rebuilt pianos to customers who paid $15,600 in cash. d. Delivered two rebuilt pianos to customers for $8,000 charged on account. e. Received $5,400 from customers as payment on their accounts. f. Received an electric and gas utility bill for $670 for January services to be paid in February g. Ordered $1,185 in supplies. h. Paid $3,000 on account in January i. Paid $15,500 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 5 5-a. Prepare an income statement for the month ended and at January 31, 5-b. Prepare a statement of retained earnings for the month ended and at January 31. If there are no dividends, include a line that reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Reg SA Req 58 Reg SC Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 Revenues Service Revenue Total Revenues Expenses Utilities Expense 0 Total Expenses Net Income 5-c. Prepare a classified balance sheet at January 31, Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 5C Prepare a statement of retained earnings for the month ended and at January 31 reports Dividends of zero. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings For the Month Ended January 31 Retained Earnings, January 1 $ 9,150 Add: Net Income Add: Dividends + 0 Retained Earnings, January 31 >