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 Accounts Receivable Supplies Equipment Land Buildings $ 6,300 Accounts Payable $ 8,850 31,000 Deferred Revenue (deposits) 2,550 Notes Payable (long-term) 12,300 Common Stock 4,450 49,000 12,500 9,150 Retained Earnings 26,000 Following are the January transactions: 12,500 a. Received a $760 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $785 rent received for January. c. Delivered five rebuilt pianos to customers who paid $21,475 in cash. d. Delivered two rebuilt pianos to customers for $10,500 charged on account. e. Received $8,100 from customers as payment on their accounts. f. Received an electric and gas utility bill for $600 for January services to be paid in February. g. Ordered $1,120 in supplies. h. Paid $2,250 on account in January. i. Paid $15,900 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 Debit Credit Account Receivable Debit Credit < Prev 89 10 of 10 Next >