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: Following are the January transactions: a. Received a $695 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $325 rent received for January. c. Delivered five rebuilt pianos to customers who paid $15,600 in cash. d. Delivered two rebuilt pianos to customers for $8,000 charged on account. e. Received $5,400 from customers as payment on their accounts. t. Received an electric and gas utility bill for $670 for January services to be paid in February. 9. Ordered $1,185 in supplies. h. Paid $3,000 on account in January. i. Paid $15,500 in wages to employees in January for work done this month. 1. Received and paid cash for the supplies in (g). Areacd: 0.87 points 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31 . If there are no dividends, include a line that reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the month ended and at January 31 . If there are no dividends, include a line that reports Dividends of zero. 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: Following are the January transactions: - Received a $695 deposit from a customer who wanted her piano rebuilt in February. i. Rented a part of the building to a bicycle repair shop; $325 rent received for January. 4. Delivered five rebuilt pianos to customers who paid $15,600 in cash. a. Delivered two rebuilt pianos to customers for $8,000 charged on account. . Recelved $5,400 from customers as payment on their accounts. t Received an electric and gas utility bill for $670 for January services to be paid in February. g. Ordered \$1,185 in supplies. h. Paid $3,000 on account in January. 4. Paid $15,500 in wages to employees in January for work done this month. 1. Received and paid cash for the supplies in (g) Awnd O.87 points 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31 . If there are no dividends, include a line that reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ended and at January 31. Ricky's Piano Rebuilding Company has been operating for one year. On lanuary 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Following are the January transactions: 2. Received a $695 deposit from a customer who wanted her piano rebuil in February. * Rented a part of the bulding to a bicycle repair shop: $325 rent received for January. c Delivered five febuit piancs to customers who paid $15,600 in cash. a Delivored two rebuit pianos to customers for $8,000 changed on account. . Recewed \$5,400 from customers as payment an their accounts. - Recelved an electric and gas utilty bill for $670 for January services to be paid in February. 3. Ordered $1,135 in supplies. s. Paid $3,000 on account in January. - Paid \$15,500 in wages to employees in January for work done this month. 1. Recelved and paid cash for the supplies in igl knua ever points 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31 , it thece are no dividends. include a line that reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31. Complete this question by entering your answers in the tabs below. Prepare a classifled balance sheet at lanuary 31
