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 $ 11,350 Accounts Receivable 38,000 Deferred Revenue (deposits) 5,000 Supplies Equipment 2,800 Notes Payable (long-term) 13,000 Common Stock 49,500 16,500 Land 7,300 Retained Earnings 9,150 Buildings 22,300 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. f. 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). Required information 2. Prepare journal entries for the above January transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 9 10 > Received a $695 deposit from a customer who wanted her piano rebuilt in February. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 7 10 of 10 Next > 2. Prepare journal entries for the above January transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Rented a part of the building to a bicycle repair shop; $325 rent received for January. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit b < Prev 7 8 9 10 of 10 Next > View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Delivered five rebuilt pianos to customers who paid $15,600 in cash. Record the transaction. Note: Enter debits before credits. Transaction C General Journal Debit Credit Required information Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Delivered two rebuilt pianos to customers for $8,000 charged on account. Record the transaction. Note: Enter debits before credits. Transaction d General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > Received $5,400 from customers as payment on their accounts. Record the transaction. Note: Enter debits before credits. Transaction e General Journal Debit Credit View general journal Record entry Clear entry Required information Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > Received an electric and gas utility bill for $670 for January services to be paid in February. Record the transaction. Note: Enter debits before credits. Transaction f General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Ordered $1,185 in supplies. Record the transaction. Note: Enter debits before credits. Transaction 9 7 8 9 10 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 6 7 8 9 Paid $3,000 on account in January. Record the transaction. Note: Enter debits before credits. Transaction h 10 10 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 6 Paid $15,500 in wages to employees in January for work done this month. Record the transaction. Note: Enter debits before credits. Transaction 10 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 1 2 3 4 5 6 7 8 9 Received and paid cash for the supplies in (g). Record the transaction. Note: Enter debits before credits. Transaction 10 General Journal Debit Credit Record entry Clear entry View general journal