E3-13 Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements 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 bal- ances were as follows: Cash Accounts Receivable Supplies Equipment Land Buildings $ 6,000 25,000 1,200 8,000 6,000 22,000 Accounts Payable Deferred Revenue (deposits) Notes Payable (long-term) Common Stock Retained Earnings $ 8,000 3,200 40,000 8,000 9,000 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. (If you are using the general ledger tool in Connect, this requirement will be completed for you.) 2. Prepare journal entries for the following January transactions, using the letter of each transac- tion as a reference: a. Received a $500 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. i. Paid $10,000 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g)