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Required information Skip to question [The following information applies to the questions displayed below.] Rickys Piano Rebuilding Company has been operating for one year. On

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[The following information applies to the questions displayed below.]

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 $ 7,850 Accounts Payable $ 10,300
Accounts Receivable 15,000 Deferred Revenue (deposits) 4,400
Supplies 2,100 Notes Payable (long-term) 41,500
Equipment 9,500 Common Stock 10,000
Land 8,400 Retained Earnings 5,050
Building 28,400

Following are the January transactions:

  1. Received a $690 deposit from a customer who wanted her piano rebuilt in February.
  2. Rented a part of the building to a bicycle repair shop; $350 rent received for January.
  3. Delivered five rebuilt pianos to customers who paid $15,050 in cash.
  4. Delivered two rebuilt pianos to customers for $7,700 charged on account.
  5. Received $6,350 from customers as payment on their accounts.
  6. Received an electric and gas utility bill for $765 for January services to be paid in February.
  7. Ordered $900 in supplies.
  8. Paid $2,450 on account in January.
  9. Paid $10,900 in wages to employees in January for work done this month.
  10. Received and paid cash for the supplies in (g).

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Cash Account Receivable Beg. Bal. 900 Beg. Bal. 7,850 690 15,000 7,700 6,350 10,900 2,450 350 6,350 22,700 6,350 15,050 30,290 14,250 End. Bal. 32,080 End. Bal. 32,700 Supplies Equipment Beg. Bal Beg. Bal. End. Bal. 0 End. Bal. 0 Land Building Beg. Bal. Beg. Bal. Land Building Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Accounts Payable Deferred Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Notes Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Retained Earnings Service Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Rent Revenue Salaries and Wages Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Utilites Expense Beg. Bal

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