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 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 Building $ 6,900 Accounts Payable 25, 250 Deferred Revenue (deposits) 1,350 Notes Payable (long-term) 15, 300 Common Stock 6,900 Retained Earnings 22, 700 $ 8,500 5, 200 43,500 15,000 6, 200 Following are the January transactions: a. Received a $865 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $345 rent received for January. c. Delivered five rebuilt pianos to customers who paid $11,925 in cash. d. Delivered two rebuilt pianos to customers for $6,800 charged on account. e. Received $4,800 from customers as payment on their accounts. f. Received an electric and gas utility bill for $440 for January services to be paid in February. g. Ordered $995 in supplies. h. Paid $1,600 on account in January. i. Paid $10,300 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). Req 5A Req 5B Req 5C Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 Revenues Rent Revenue 345 Service Revenue 18,725 19,070 Total Revenues Expenses Utilities Expense Salaries and Wages Expense Total Expenses Net Income Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 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 $ 6,200 Add: Net Income Less: Dividends Retained Earnings, January 31 Req 5A Req 5B Req 5C Prepare a classified balance sheet for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet