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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

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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: Cash Accounts Receivable Supplies Equipment Land Building $6,950 Accounts Payable $9,350 24,000 Unearned Revenue (deposits) 4,850 47,750 9,500 11,300 2,250 Notes Payable 10,200 Common Stock 7,550 Retained Earnings 31,800 Following are the January 2013 transactions: a. Received a $550 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $400 rent received for January. c. Delivered five rebuilt pianos to customers who paid $16,975 in cash. d. Delivered two rebuilt pianos to customers for $8,900 charged on account. e. Received $6,850 from customers as payment on their accounts. f. Received an electric and gas utility bill for $375 for January services to be paid in February. g. Ordered $1,170 in supplies. h. Paid $1,650 on account in January. i. Pald $17,900 in wages to employees in January for work done this month. . Received and paid cash for the supplies in (g)

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