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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)

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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 $ 3,700 Accounts Payable 35,750 Deferred Revenue (deposits) 2.650 Notes Payable (long-term) 3,400 ammon Stock 6,250 Retained Hernings 25,900 $ 9,300 4,250 46,000 8,500 19,600 Following are the January transactions a. Received a $975 deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $475 rent received for January c. Delivered five rebuilt planos to customers who paid $20,300 in cash. d. Delivered two rebuilt pianos to customers for $10,200 charged on account. e. Received $7,350 from customers as payment on their accounts. Received an electric and gas utility bill for $580 for January services to be paid in February g Ordered $1.225 in supplies. h. Paid $1,850 on account in January, Paid $12,100 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g) E3-13 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, 5-c. Prepare a classified balance sheet for the month ended and at January 31 Complete this question by entering your answers in the tabs below. Reg SA Reg 58 Reg 5C Prepare a statement of retained earnings for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings For the Month Ended January 31 Retained Earnings, January 1 $ 19,600 Add: Net Income 18,295 Less: Dividends Retained Earnings, January 31 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. 5-c. Prepare a classified balance sheet for the month ended and at January 31 Complete this question by entering your answers in the tabs below. Reg SA Req 58 Realsc Reg 5c Prepare a classified balance sheet for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet At January 31 Assets Current Assets 0 Total Current Assets

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