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Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its

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Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,800 Accounts Payable 30,400 Deferred Revenue (deposits) 1,740 Notes Payable 9,899 Contributed Capital 7,800 Retained Earnings 31,000 $ 9,800 3,740 54,400 9,800 10,800 Required: 2. Prepare journal entries for the following January 2017 transactions, using the letter of each transaction as a reference: (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Received a $680 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $390 rent received for January c. Delivered five rebuilt pianos to customers who paid $18,100 in cash. d. Delivered two rebuilt pianos to customers for $8,800 charged on account. e. Received $7,800 from customers as payment on their accounts. f. Received a utility bill for $530 for January services to be paid in February g. Ordered $1,160 in supplies. h. Paid $2.240 to suppliers on account in January i. Paid $19,000 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (9) View transaction list Journal entry worksheet Received a $680 deposit from a customer who wanted her piano rebuilt in February Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal 1. & 3. Post the journal entries to the T-accounts which are listed below. Show the unadjusted ending balances in the T-accounts. Cash Accounts Receivable Beg. bal. Beg. bal. End. bal. End. bal. Supplies Equipment Beg, bal. Beg. bal. End, bal End, bal. Land Building Beg, bal. Bog, bal. End, bal. End, bal Accounts Payable Deferred Revenue Beg, bal Beg. bal. End. bal. End, bal. Use the balances in the completed T-accounts to prepare an unadjusted trial balance at the end of January 2017. RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance At January 31, 2017 Accounts Titles Debit Credit Cash Accounts receivable Supplies Equipment Land Building Accounts payable Deferred revenue Notes payable Contributed capital Retained earnings Piano rebuilding revenue Rent revenue Wages expense Utilities expense Total

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