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Rickys Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had
Rickys 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 $ 7,200 Accounts Payable $ 8,650 Accounts Receivable 49,750 Deferred Revenue (deposits) 4,800 Supplies 1,800 Notes Payable (long-term) 63,000 Equipment 9,900 Common Stock 16,000 Land 6,600 Retained Earnings 7,700 Buildings 24,900 Following are the January transactions: Received a $660 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $480 rent received for January. Delivered five rebuilt pianos to customers who paid $13,850 in cash. Delivered two rebuilt pianos to customers for $7,200 charged on account. Received $5,800 from customers as payment on their accounts. Received an electric and gas utility bill for $390 for January services to be paid in February. Ordered $1,285 in supplies. Paid $2,400 on account in January. Paid $13,100 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g). Prepare an unadjusted trial balance at January 31.
[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: Cash $ 7,200 Accounts Payable $ 8,650 Accounts Receivable 49,750 Deferred Revenue (deposits) 4,800 Supplies 1,800 Notes Payable (long-term) 63,000 Equipment 9,900 Common Stock 16,000 Land 6,600 Retained Earnings 7.700 Buildings 24,900 Following are the January transactions: a. Received a $660 deposit from a customer who wanted her plano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $480 rent received for January c. Delivered five rebuilt planos to customers who paid $13,850 in cash. d. Delivered two rebuilt pianos to customers for $7,200 charged on account. e. Received $5,800 from customers as payment on their accounts. f. Received an electric and gas utility bill for $390 for January services to be paid in February g. Ordered $1,285 in supplies. h. Paid $2,400 on account in January 1. Paid $13,100 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (9) 4. Prepare an unadjusted trial balance at January 31 Required information RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance Debit Credit Account Namo 5:25 ces [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: Cash $ 7,200 Accounts Payable $ 8,650 Accounts Receivable 49,750 Deferred Revenue (deposits) 4,800 Supplies 1,800 Notes Payable (long-term) 63,000 Equipment 9,900 Common Stock 16,000 Land 6,600 Retained Earnings 7.700 Buildings 24,900 Following are the January transactions: a. Received a $660 deposit from a customer who wanted her plano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $480 rent received for January c. Delivered five rebuilt planos to customers who paid $13,850 in cash. d. Delivered two rebuilt pianos to customers for $7,200 charged on account. e. Received $5,800 from customers as payment on their accounts. f. Received an electric and gas utility bill for $390 for January services to be paid in February g. Ordered $1,285 in supplies. h. Paid $2,400 on account in January 1. Paid $13,100 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (9) 4. Prepare an unadjusted trial balance at January 31 Required information RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance Debit Credit Account Namo 5:25 ces
Rickys 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 $ 7,200 Accounts Payable $ 8,650
Accounts Receivable 49,750 Deferred Revenue (deposits) 4,800
Supplies 1,800 Notes Payable (long-term) 63,000
Equipment 9,900 Common Stock 16,000
Land 6,600 Retained Earnings 7,700
Buildings 24,900
Following are the January transactions:
Received a $660 deposit from a customer who wanted her piano rebuilt in February.
Rented a part of the building to a bicycle repair shop; $480 rent received for January.
Delivered five rebuilt pianos to customers who paid $13,850 in cash.
Delivered two rebuilt pianos to customers for $7,200 charged on account.
Received $5,800 from customers as payment on their accounts.
Received an electric and gas utility bill for $390 for January services to be paid in February.
Ordered $1,285 in supplies.
Paid $2,400 on account in January.
Paid $13,100 in wages to employees in January for work done this month.
Received and paid cash for the supplies in (g).
Prepare an unadjusted trial balance at January 31.
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