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Please solve all of these please, thank you! Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance
Please solve all of these please, thank you!
Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [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: Following are the January transactions: a. Received a $715 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $445 rent received for January. c. Delivered five rebuilt pianos to customers who paid $12,800 in cash. d. Delivered two rebuilt pianos to customers for $7,300 charged on account. e. Received $5,200 from customers as payment on their accounts. f. Received an electric and gas utility bill for $365 for January services to be paid in February. g. Ordered $1,145 in supplies. h. Paid $2,100 on account in January. i. Paid $11,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 4 4. Prepare an unadjusted trial balance at January 31. Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [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: Following are the January transactions: a. Received a $715 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $445 rent received for January. c. Delivered five rebuilt pianos to customers who paid $12,800 in cash. d. Delivered two rebuilt pianos to customers for $7,300 charged on account. e. Received $5,200 from customers as payment on their accounts. f. Received an electric and gas utility bill for $365 for January services to be paid in February. g. Ordered $1,145 in supplies. h. Paid $2,100 on account in January. i. Paid $11,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 5 5-a. Prepare an income statement for the month ended and at January 31. 5-b. 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. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ended and at January 31. Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [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: Following are the January transactions: a. Received a $715 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $445 rent received for January. c. Delivered five rebuilt pianos to customers who paid $12,800 in cash. d. Delivered two rebuilt pianos to customers for $7,300 charged on account. e. Received $5,200 from customers as payment on their accounts. f. Received an electric and gas utility bill for $365 for January services to be paid in February. g. Ordered $1,145 in supplies. h. Paid $2,100 on account in January. i. Paid $11,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 5 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31. If there are no dividends, include a line the reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. 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. Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [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: Following are the January transactions: a. Received a $715 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop, $445 rent received for January. c. Delivered five rebuilt pianos to customers who paid $12,800 in cash. d. Delivered two rebuilt pianos to customers for $7,300 charged on account. e. Received $5,200 from customers as payment on their accounts. f. Received an electric and gas utility bill for $365 for January services to be paid in February. 9. Ordered $1,145 in supplies. h. Paid $2,100 on account in January. i. Paid $11,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 5 5-a. Prepare an income statement for the month ended and at January 31. 5-b. 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. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at January 31 . Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 1 Required: 1. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the 11-month period ended November 30. Complete this question by entering your answers in the tabs below. Prepare an unadjusted trial balance. Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 1 Required: 1. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the 11-month period ended November 30. Complete this question by entering your answers in the tabs below. Prepare a preliminary income statement as of November 30 . E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E-20 (Algo) Part 1 Required: 1. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the 11-month period ended November 30. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for November 30. If there are no dividends, include a line that reports Dividends of zero. E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 1 Required: 1. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the 11-month period ended November 30. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of November 30. Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E-20 (Algo) Part 2 2. The owner of MyBnB was hoping the company would generate a net profit margin of at least 10 percent. Based on the financial tatements prepared in requirement 1, determine whether the owner met her goal as of November 30. (Round your answer to 1 lecimal place.) E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30 , MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 4 4. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from your answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 5 5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the year ended December 31 . Complete this question by entering your answers in the tabs below. Prepare an unadjusted trial balance. Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30 , MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 5 5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the year ended December 31 . Complete this question by entering your answers in the tabs below. Prepare a preliminary income statement as of November 30 . Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30 , MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 320 (Algo) Part 5 Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance she s of and for the year ended December 31 . Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for December 31. If there are no dividends, include a line that reports Dividends of zero. Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1 . As of November 30 , MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 5 5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance she as of and for the year ended December 31 . Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31 . E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 3-20 (Algo) Part 6 i. Based on the financial statements prepared in requirement 5, determine whether the owner met her 10 percent net profit margin oal as of December 31. (Round your answer to 1 decimal place.)
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