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: 38,250 Deferred Revenue (deposits) 1,600 Notes Payable (long-term) 15,800 Common Stock Cash $ 7,000 Accounts Payable Accounts Receivable Supplies Equipment Land Buildings. 27,700 9,250 Retained Earnings $ 9,550 3,400 64,000 14,500 8,150 Following are the January transactions: a. Received a $670 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $740 rent received for January. c. Delivered five rebuilt planos to customers who paid $21,575 in cash. d. Delivered two rebuilt pianos to customers for $10,000 charged on account. e. Received $7,600 from customers as payment on their accounts. f. Received an electric and gas utility bill for $380 for January services to be paid in February. g. Ordered $980 in supplies. h. Paid $2,800 on account in January. 1. Paid $18,400 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). nces Required mor Cash Credit Debit Beginning Balance 7,000 (e) 670 18,400) (b) (c) 740 21,575 Ending Balance Debit Beginning Balance 11,585 Supplies [00 980 Ending Balance 980 Credit Debit Beginning Balance (p) Account Receivable Credit 10,000 7,600 (e) Ending Balance 2,400 Equipment Debit Credit Beginning Balance Ending Balance 15,800 Debit Beginning Balance Land Ending Balance 0 Accounts Payable Credit Debit Beginning Balance Ending Balance Debit Beginning Balance Credit Debit Beginning Balance (h) 2,800 380 ( Ending Balance 2,420 Ending Balance Notes Payable Debit Credit Beginning Balance Ending Balance 0 Building 0 Deferred Revenue 0 Credit Credit Common Stock Debit Credit Beginning Balance Ending Balance 0 Debit Beginning Balance Retained Earnings Ending Balance 0 Credit Debit Beginning Balance Ending Balance Rent Revenue Debit Credit Debit Beginning Balance Beginning Balance Ending Balance 0 Utilites Expense Debit Credit Beginning Balance Ending Balance Service Revenue Salaries and Wages Expense Credit Credit