Return to question 7 Part 1 of 4 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: Mc Graw Hill Cash Accounts Receivable Supplies Equipment Land Buildings $6,750 Accounts Payable $8,450 23,250 Deferred Revenue (deposits) 3,150 1,250 Notes Payable (long-term) 17,700 Conson Stock 10,700 Retained Earnings 52,250 10,500 16,500 31,200 Following are the January transactions a. Received a $880 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $405 rent received for January. c. Delivered five rebuilt pianos to customers who paid $16,500 in cash. d. Delivered two rebuilt pianos to customers for $8,400 charged on account. e. Received $6,750 from customers as payment on their accounts. Received an electric and gas utility bill for $455 for January services to be paid in February g. Ordered $1,270 in supplies. h. Paid $1,550 on account in January L Paid $11,300 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g). 7 Part 1 of 4 Mc Graw Return to question Required information . 2. Prepare journal entries for the above January transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No 1 Transaction a Cash Deferred Revenue Interest Revenue Answer is not complete. General Joumal 000 2 b Bank Charges Expense 3 Bank Charges Expense 4 d Bank Charges Expense 5 e Cash O Debit Credit < Prev 7 8 9 10 of 10 Next > 7 Required information 3 Bank Charges Expense Part 1 of 4 4 d Bank Charges Expense 5 e Cash 6 T Cash 0 7 No Journal Entry Required 8 h No Journal Entry Required O 9 E No Journal Entry Required 10 No Journal Entry Required * Mc Graw FMin < Prev 7 8 9 10 of 10 Next > Return to question