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Required information [The following information applies to the questions displayed below.] Ricky's Plano 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 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 $6,900 Accounts Payable $8,500 Accounts Receivable. 25,250 Deferred Revenue (deposits) 5,200 Supplies Equipment 1,350 Notes Payable (long-term) 15,300 Common Stock 43,500 15,000 Land Building 6,900 Retained Earnings 22,700 6,200 Following are the January transactions: a. Received a $865 deposit from a customer who wanted her plano 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, 1. Paid $10,300 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g) of 4 3. Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in the T-accounts. Beg Bal Cash 6,900 (e) 865 Account Receivable Beg Bal (b) (c) 0:59:56 (e) Book End. Bal 7,765 End Bal 0 nt Supplies Equipment Ask Beg Ball Beg Bal Print erences End Bal 0 End Bal 0 Land Beg Bal End. Bal Beg Ball Building End Bal 0 Land Beg Bal End. Bal 0 Accounts Payable Beg Bal End Bal Beg Bal End. Bal Building 0 Deferred Revenue Beg. Bal 0 End Bal Common Stock Beg Bal 0 End Ball Service Revenue Beg Ball Notes Payable Beg Bal End Bal. Retained Earnings Beg Bal < Prev 16 B 7 00 0 of 8 Next > Required information Beg Bal End Bal Beg Bal End. Bal. Retained Earnings Service Revenue Beg Bal Beg Bal End Bal Rent Revenue Beg Bal End. Bal. Utilites Expense Beg Bal End Bal 0 End. Bal 0 Salaries and Wages Expense Beg Bal End Bal. 9 < Prev 6 7 8 of 8 Next > 0
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