Required information E3-13 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 Plano 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 Building $ 6,800 Accounts Payable 32,750 Deferred Revenue (deposits) 1,850 Notes Payable (long-term) 14,500 Common Stock 10,050 Retained Earnings 20, 200 $12,600 3,250 45,500 7,500 17,300 Following are the January transactions: a. Received a $870 deposit from a customer who wanted her plano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $355 rent received for January c. Delivered five rebuilt planos to customers who paid $12,775 in cash. d. Delivered two rebuilt pianos to customers for $6,400 charged on account. e. Received $5,300 from customers as payment on their accounts. f. Received an electric and gas utility bill for $675 for January services to be paid in February. g. Ordered $945 in supplies. h. Paid $1,750 on account in January 1. Paid $11,000 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g). 4. Prepare an unadjusted trial balance at January 31. Answer is not complete. RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash $ 6,800 Accounts Receivable 32,750 X Supplies 1,850 X Equipment 14,500 Land 10,050 Buildings 20,200 Accounts Payable 12,600 X Deferred Revenue 3,250 Notes Payable (long-term) 45,500 Common Stock 7,500 Retained Earnings 17,300 Service Revenue Rent Revenue Salaries and Wages Expense Utilities Expense Total $ 86,150 S S 86,150