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Please answer the required questions. Will like. Thank you! Please help me! Stacey's Plano Rebuilding Company has been operating for one year. At the start
Please answer the required questions. Will like. Thank you!
Please help me!
Stacey's Plano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: a. Rebuilt and delivered five pianos in January to customers who paid $18,700 in cash. b. Recelved a $510 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $870 for rent in January. d. Received $8,100 from customers as payment on their accounts. e. Received an electric and gas utility bill for $480 to be paid in February. f. Ordered $940 in supplies. 9. Paid $1,340 on account in January. h. Recelved from the home of Stacey Eddy, the major shareholder, a $970 tool (equipment) to use in the business in exchange for 100 shares of $1 par value stock. 1. Paid $14,000 in wages to employees who worked in January. 1. Declared and paid a $2,500 dividend (reduce Retained Earnings and Cash). k. Recelved and paid cash for the supplies in ( f ). L. Paid $310 in interest expense on the long-term note payable. Required: 1 and 2. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the roference: Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Additional Paid-in Capital } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular} Utilities Expenso Complete this question by entering your answers in the tabs below. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were Step by Step Solution
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