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 $ 8,100 Accounts Payable Accounts Receivable Supplies Equipment Land 38,000 Deferred Revenue (deposits) 2,800 Notes Payable (long-term) 13,000 Common Stock 7,300 Retained Earnings Buildings 22,300 $ 11,350 5,000 49,500 16,500 9,150 Following are the January transactions: a. Received a $695 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $325 rent received for January. c. Delivered five rebuilt pianos to customers who paid $15,600 in cash. d. Delivered two rebuilt pianos to customers for $8,000 charged on account. e. Received $5,400 from customers as payment on their accounts. 1. Received an electric and gas utility bill for $670 for January services to be paid in February. g. Ordered $1,185 in supplies. h. Paid $3,000 on account in January. i. Paid $15,500 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). 3. Post the journal entries to the T-accounts. Show the beginning and unadjusted ending balances in the T-accounts. Cash Account Receivable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Supplies Equipment Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Debit Beginning Balance Land Ending Balance Building Credit Debit Credit Beginning Balance 4 Debit Beginning Balance Ending Balance Land Credit Building Debit Credit Beginning Balance Ending Balance Accounts Payable Deferred Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Notes Payable Common Stock Debit Credit Debit Credit Beginning Balance Ending Balance Beginning Balance Ending Balance Required information: Retained Earnings Debit Credit Beginning Balance Ending Balance Service Revenue Debit Credit Beginning Balance Ending Balance Rent Revenue Salaries and Wages Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Utilites Expense Debit Credit Beginning Balance Ending Balance Ending Balance