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GLLLLLS I CIUUGILESGUIS UGNOIRE SCL GLUEIL GIORCY . $ $ Cash Accounts receivable Supplies Equipment Land 9, 382 3,540 47,100 6,800 30, 199 1,538 10,580

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GLLLLLS I CIUUGILESGUIS UGNOIRE SCL GLUEIL GIORCY . $ $ Cash Accounts receivable Supplies Equipment Land 9, 382 3,540 47,100 6,800 30, 199 1,538 10,580 8,100 26,682 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid in capital Retained earnings 1,700 6,880 15,199 Building a. Rebuilt and delivered five pianos in January to customers who paid $18.400 in cash. b. Received a $570 deposit from a customer who wanted her piano rebuilt C. Rented a part of the building to a bicycle repair shop, received $870 for rent in January d. Received $7600 from customers as payment on their accounts e Received an electric and gas utility bill for $420 to be paid in February f. Ordered $930 in supplies g. Paid $2,040 on account in January h. Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock Paid $14,800 in wages to employees who worked in January J. Declared and paid a $1,700 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in 4. What is net income if Stacey's used the cash basis of accounting?

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