Part 2 of 4 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: Cash Accounts Receivable Supplies Equipment Land Buildings $ 8,700 Accounts Payable 35,750 Deferred Revenue (deposits) 2,650 Notes Payable (long-term) 8,400 Common Stock. 6,250 Retained Earnings 25,900 Following are the January transactions: $9,300 4,250 46,000 8,500 19,600 a. Received a $975 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $475 rent received for January. c. Delivered five rebuilt planos to customers who paid $20,300 in cash. d. Delivered two rebuilt planos to customers for $10,200 charged on account. e. Received $7.350 from customers as payment on their accounts 1. Received an electric and gas utility bill for $580 for January services to be paid in February 9. Ordered $1.225 in supplies. h. Paid $1,850 on account in January. 1. Paid $12.100 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g). 3. Post the journal entries to the T-accounts. Show the beginning and unadjusted ending balances in the T accounts. 2 3. Post the journal entries to the T-accounts. Show the beginning and unadjusted ending balances in the T-accounts. Part 2 of 4 Cash Account Receivable Credit Debit Credit Beginning Balance 35,750 Debit Beginning Balance 8,700 (a) 975 (b) 475 12,100 (c) 20,300 (e) 7.350 Ending Balance 25,700 Supplies Debit Credit Beginning Balance Ending Balance Debit Beginning Balance Land Credit Ending Balance 35,750 Equipment Debit Credit Beginning Balance Ending Balance 0 Building Debit Credit Beginning Balance 2 Required information - Part 2 of 4 Beginning Balance Mc Ending Balance Land Building Debit Credit Debit Credit Beginning Balance Ending Balance Accounts Payable Deferred Revenue Debit Credit Debit Credit Beginning Balance beginning Balance Ending Balance) Ending Balance Notes Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Baisnce Ending Balance Ending Balance Retained Earnings Debit Credit Beginning Balance Service Revenue Debit Credit Beginning Balance < Prev 2 3 4 of 10 Next > Required information rt 2 of 4 Beginning Balance Ending Balance Retained Earnings Service Revenue Debit Credit Debit Credit Beginning Balance 0 Ending Balance Rent Revenue Debit Credit Debit Beginning Balance Beginning Balance Ending Balance Utilites Expense Debit Credit Beginning Balance Ending Balance Ending Balance 0 Salaries and Wages Expense Credit 3 Part 3 of 4 Mc Graw Required information Account Name Total RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance Debit Credit Prev 3 Required information Complete this question by entering your answers in the tabs below. rt 4 of 4 Req 5A Req 5B Req 5C Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement At January 31 For the Month Ended January 31 Req 5A Req 5B > Part 4 of 4 Complete this question by entering your answers in the tabs below. Req SA Req 5B Req 5C 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. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings Retained Earings, January 1 Retained Earnings, January 31 Complete this question by entering your answers in the tabs below. Part 4 of 4 Req 5A Req 5B Req 5C Mc Grau Prepare a classified balance sheet at January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet < Prev 84 4 Part 4 of 4 Required information < Req 5B Req 5C