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Required information (The following information applies to the questions displayed below] Stacey's Piano Rebuilding Company has been operating for one year. At the start

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Required information (The following information applies to the questions displayed below] Stacey's Piano Rebuilding Company has been operating for one year. At the start of the 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 $7,000 30,500 Accounts payable Unearned revenue $ 9,100 3,640. 1,500 10,400 Long-term note payable Common stock 47,700 1,540 8,200 26,500 Additional paid-in capital 6,160 Retained earnings 15,960 a. Rebuilt and delivered five pianos in January to customers who paid $18,400 in cash. b. Received a $550 deposit from a customer who wanted her piano rebuilt c. Rented a part of the building to a bicycle repair shop; received $900 for rent in January. d. Received $7,600 from customers as payment on their accounts. e. Received an electric and gas utility bill for $450 to be paid in February. f. Ordered $930 in supplies. g. Paid $1,940 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $990 tool (equipment) to use in the business in exchange for 150 shares of $1 par value stock. i. Paid $14,100 in wages to employees who worked in January. J. Declared and paid a $2,200 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). Save & Ext Submit Check my work

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