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nces Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January
nces Required information [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: 1,550 Notes Payable (long-term) Cash $ 6,650 Accounts Payable $ 10,450 Accounts Receivable 47,500 Deferred Revenue (deposits). 3,800 Supplies 63,500 Equipment 11,500 Land 12,700 Buildings 11,700 Common Stock 8,350 Retained Earnings 26,200 Following are the January transactions: a. Received a $630 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $675 rent received for January. c. Delivered five rebuilt pianos to customers who paid $20,200 in cash. d. Delivered two rebuilt planos to customers for $9,300 charged on account. e. Received $7,800 from customers as payment on their accounts. f. Received an electric and gas utility bill for $420 for January services to be paid in February. g. Ordered $960 in supplies. h. Paid $1,800 on account in January. 1. Paid $17,800 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,
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