Question
Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in the T-accounts. Rickys Piano Rebuilding Company has been operating for
Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in the T-accounts. Rickys 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 $ 7,800 Accounts Payable $ 10,900 Accounts Receivable 38,750 Unearned Revenue (deposits) 5,800 Supplies 1,450 Notes Payable 57,750 Equipment 9,100 Common Stock 15,500 Land 9,550 Retained Earnings 5,300 Building 28,600
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