Prepare journal entries for the above January transactions.

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	$ 7,000	Accounts Payable	$ 9,550
Accounts Receivable	38,250	Deferred Revenue (deposits)	3,400
Supplies	1,600	Notes Payable (long-term)	64,000
Equipment	15,800	Common Stock	14,500
Land	9,250	Retained Earnings	8,150
Buildings	27,700

Following are the January transactions:

1. Received a $670 deposit from a customer who wanted her piano rebuilt in February.
2. Rented a part of the building to a bicycle repair shop; $740 rent received for January.
3. Delivered five rebuilt pianos to customers who paid $21,575 in cash.
4. Delivered two rebuilt pianos to customers for $10,000 charged on account.
5. Received $7,600 from customers as payment on their accounts.
6. Received an electric and gas utility bill for $380 for January services to be paid in February.
7. Ordered $980 in supplies.
8. Paid $2,800 on account in January.
9. Paid $18,400 in wages to employees in January for work done this month.
10. Received and paid cash for the supplies in (g).