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 Building $ 6,900 Accounts Payable 25,250 Deferred Revenue (deposita) 1,350 Notes Payable (long-term) 15,300 Common Stock 6,900 Retained Earnings 22,700 $ 8,500 5,200 43,500 15,000 6,200 Following are the January transactions a. Received a $865 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $345 rent received for January c. Delivered five rebuilt planos 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 (a) Required: Required information 2. Prepare journal entries for the acove January transactions. (i 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 > Received a $865 deposit from a customer who wanted her plano rebullt in February. Record the transaction. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Rented a part of the building to a bicycle repair shop; $345 rent received for January. Record the transaction. Note: Enter debits before credits. Transaction General Journal Dobit Credit b Record entry Clear entry View general Journal Journal entry worksheet Delivered five rebuilt pianos to customers who paid $11,925 in cash. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Delivered two rebuilt pianos to customers for $6,800 charged on account. Record the transaction. Note: Enter debits before credits Transaction General Journal Dobit Credit d Record entry Clear entry View general journal Required information View transaction list Journal entry worksheet Received $4,800 from customers as payment on their accounts. Record the transaction. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general Journal Required information View transaction list Journal entry worksheet 1 2 3 4 5 CO 7 8 9 10 Received an electric and gas utility bill for $440 for January services to be paid in February. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Required information View transaction list Journal entry worksheet Ordered $995 in supplies. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit 9 Record entry Clear entry View general Journal Required information View transaction list Journal entry worksheet
