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 7,200 30,000 1,470 9,600 8,200 26,800 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,100 3,640 47,900 1,580 6,320 14,730 a. Rebuilt and delivered five pianos in January to customers who paid $19,100 in cash. b. Received a $500 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $830 for rent in January. d. Received $7,300 from customers as payment on their accounts. e. Received an electric and gas utility bill for $430 to be paid in February. f. Ordered $950 in supplies. g. Paid $1,740 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $900 tool (equipment) to use in the business in exchange for 130 shares of $1 par value stock. i. Paid $14,200 in wages to employees who worked in January. j. Declared and paid a $1,900 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). Required: 1 & 2. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the reference. Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Supplies Equipment Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Land Building Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Accounts Payable Unearned Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Long-term Note Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Additional Paid-in Capital Retained Earnings Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Additional Paid-in Capital Retained Earnings Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Rebuilding Fees Revenue Rent Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Wages Expense Utilities Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were: Revenues Expenses = Net income Assets = Liabilities + Stockholders' equity