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Please prepare journal entry from a to j The following information applies to the questions displayed below Ricky's Piano Rebuilding Company has been operating for
Please prepare journal entry from a to j
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: 10,900 5,800 57,750 15,500 5,300 $ 7,800 38,750 Accounts Payable Unearned Revenue (deposits) Cash Accounts Receivable Supplies Equipment Land Building 1450 Notes Payable 9,100 Common Stock 9,550 Retained Earnings 28,600 Following are the January 2013 transactions: a. Received a $755 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $340 rent received for January. c. Delivered five rebuilt pianos to customers who paid $20,900 in cash. d. Delivered two rebuilt pianos to customers for $10.400 charged on account. e. Received $8,400 from customers as payment on their accounts. f. Received an electric and gas utility bill for $835 for January services to be paid in February g. Ordered $1,050 in supplies. h. Paid $2,000 on account in January. i. Paid $15,100 in wages to employees in January for work done this month. J. Received and paid cash for the supplies inStep by Step Solution
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