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Required information [The following information applles to the questions displayed below.] Rlcky's Plano Rebullding Company has been operating for one year. On January 1, at
Required information [The following information applles to the questions displayed below.] Rlcky's Plano 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 balances were as follows: Following are the January transactions: a. Recelved a $865 deposit from a customer who wanted her plano rebullt In February. b. Rented a part of the bullding to a bicycle repalr shop: $345 rent recelved for January. c. Dellvered five rebult planos to customers who pald $11,925in cash. d. Dellvered two rebullt planos to customers for $6,800 charged on account. e. Recelved $4,800 from customers as payment on thelr accounts. f. Recelved an electrlc and gas utlity bill for $440 for January services to be pald In February. g. Ordered $995 in supplies. h. Pald $1,600 on account in January. I. Paid $10,300 In wages to employees in January for work done this month. J. Recelved and pald cash for the supplies in (g). 5-a. Prepare an Income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31. If there are no dividends, Include a line that reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at January 31
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