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Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at
Required information [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 $ 6,750 Accounts Payable 23,250 Deferred Revenue (deposits) 1,250 Notes Payable (long-term) 17,700 Common Stock 10,700 Retained Earnings 31,200 $ 8,450 3,150 52,250 10,500 16,500 Following are the January transactions: a. Received a $880 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $405 rent received for January c. Delivered five rebuilt pianos to customers who paid $16,500 in cash. d. Delivered two rebuilt pianos to customers for $8,400 charged on account. e. Received $6,750 from customers as payment on their accounts. f. Received an electric and gas utility bill for $455 for January services to be paid in February. g. Ordered $1,270 in supplies. h. Paid $1,550 on account in January. i. Paid $11,300 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). 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 5A Reg 5B Req 5C Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement Req 5A Reg 5B 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 Retained Earnings, January 1 Retained Earnings, January 31 Req 5A Req 5B Reg 5C Prepare a classified balance sheet for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet
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