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Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second ye accounts had zero balances and

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Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second ye accounts had zero balances and its balance sheet account balances were as follows: Following are the January transactions: a. Received a $880 deposit from a customer who wanted her plano rebultt 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. f. 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. 1. Paid $11,300 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g). Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and e amount of the net income or loss for the period. RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 RICKY'S PIANO REBUILDING COMPANY Balance Sheet At January 31 Assets RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings For the Month Ended January 31 \begin{tabular}{|l|} \hline Retained Earnings, January 1 \\ \hline Retained Earnings, January 31 \\ \hline \end{tabular}

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