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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 5 6,000 Accounts Payable s 8,000 Cash Accounts Receivable25,000 Deferred Revenue (deposits)3,288 Supplies Equipment Land Buildings 1,289 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings 22,688 40,880 8,869 9,800 Following are the January transactions: a Received a $500 deposit from a customer who wanted her pano rebuilt in February b Rented a part of the building to a bicycle repair shop; $300 rent received for January vered five rebuilt pianos to customers who paid $14.500 in cash d Delivered two rebuilt pianos to customers for $7000 charged on account e Received $6,000 from customers as payment on their accounts. f Received an electric and gas utility bill for $350 for January services to be paid in February g Ordered $800 in supplies h. Paid $1700 on account in January i Paid $10,000 in wages to employees in January for work done this month / Received and paid cash for the supplies in (g Journal entry worksheeit Received a $500 deposit from a customer who wanted her piano rebuilt in February. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit Jan 31 Record entry Clear entry View general journal KPrev5 of 5 Next

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