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Prepare an unadjusted trial balance at January 31. RICKY'S PIANO REBUILDING COMPANY Unadiusted Trial Ralance. Ricky's Piano Rebuilding Company has been operating for one year.
Prepare an unadjusted trial balance at January 31. RICKY'S PIANO REBUILDING COMPANY Unadiusted Trial Ralance. 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 $ 8,150 Accounts Payable 22,250 Deferred Revenue (deposits) 3,000 Notes Payable (long-term) 8,700 Common Stock 8,850 Retained Earnings 29,900 Following are the January transactions: a. Received a $665 deposit from a ustomer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $685 rent received for January. c. Delivered five rebuilt pianos to customers who paid $18,675 in cash. d. Delivered two rebuilt pianos to customers for $9,600 charged on account. $ 12,200 4,050 45,000 14,000 5,600 e. Received $8,000 from customers as payment on their accounts. f. Received an electric and gas utility bill for $395 for January services to be paid in February. g. Ordered $1,255 in supplies. h. Paid $2,600 on account in January. i. Paid $12,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g).
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