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Required information [The following information applies to the questions displayod below] Ricky's Piano Rebullding Company has been operating for one year. On January 1 ,
Required information [The following information applies to the questions displayod below] Ricky's Piano Rebullding 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 bolances were as follows: Following are the January transactions: a. Received a $550 deposit from a customer who wanted het piano rebuit in February. b. Rented a part of the bullding to a bicycle repair shop, $400 rent received for January. c. Delivored five rebuilt pianos to custemers who poid $16,975 in cash. d. Dellvered two rebult pianos to customers for $8,900 charged on account. e. Received 56,850 from customers as payment on their accounts t. Recelved an electric and gas utility bill for $375 for January services to be paid in February. 9. Ordered $1,170 in supplies: h. Pald $1.650 on account in January. 1. Paid $17900 in wages to employees in January foe work done this month. 1. Pecelved and paid cosh 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
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