Ricky's Plano 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 $ 6,650 Accounts Payable $ 10,450 Accounts Receivable 47,500 Deferred Revenue (deponits) 3,800 Supplies 1,550 Notes Payable (long-term) 63,500 Equipment 11,700 Common Stock 11,500 Land 8,350 Retained Earnings 12,700 Buildings 26,200 Following are the January transactions: a. Received a $630 deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $675 rent received for January c. Delivered five rebuilt planos to customers who paid $20,200 in cash. d. Delivered two rebuilt planos to customers for $9,300 charged on account e. Received $7,800 from customers as payment on their accounts. Received an electric and gas utility bill for $420 for January services to be paid in February g. Ordered $960 in supplies h. Pald $1,800 on account in January Poid $17,800 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (a). Statement of General General Income Requirement Trial Balance Retained Balance Sheet Journal Ledger Statement Earnings General Journal tab. Prepare the journal entries to record the transactions (a) through (1). Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. Statement of Retained Earnings tab. Prepare the statement of retained earnings for the month ended January 31. 11 there are no dividends, include a line that reports Dividends of zero. a Balance Sheet tab - Prepare a classified balance sheet at January 31. General Statement of Income General Requirement Trial Balance Retained Balance Sheet Journal Ledger Statement Earnings Prepare the journal entries for transactions (a)-(e). (If no entry is required for a transaction/event, select "No journal entry the first account field.) X View transaction list View Journal entry worksheet Dobit General Journal No Credit Dato January 31 630 1 Cash Deferred Revenue 630 675 2 January 31 Cash Rent Revenue 675 3 20,200 January 31 Cash Service Revenue 20,200 4 January 31 9,300 Accounts Receivable Service Revenue 9,300 5 January 31 Cash 7,800 Accounts Receivable 7,800 6 January 31 420 Utilities Expense Accounts Payable 420 7 94 MA LED Prey 1 of 27 Next > MacBook Pro Rent Revenue 20,200 3 January 31 Cash Service Revenue 20,200 January 31 4 9,300 Accounts Receivable Service Revenue 9,300 5 7,800 January 31 Cash Accounts Receivable 7,800 420 6 January 31 Utilities Expense Accounts Payable 420 7 January 31 No Joumal Entry Required 8 January 31 1,800 Accounts Payable Cash 1,800 9 January 31 17,800 Salaries and Wages Expense Cash 17,800 10 January 31 960 Supplies Cash 960 Statement of General General Income Requirement Trial Balance Retained Journal Balance Sheet Statement Ledger Earnings Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate amount of the net income or loss for the period. RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 $ 0 0 0 0 Statement of General General Income Trial Balance Requirement Retained Balance Sheet Journal Ledger Statement Earnings Prepare the statement of retained earnings for the month ended January 31. You will need to determine and ente accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line th. Dividends of zero. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings For the Month Ended January 31 Retained Earnings, January 1 Retained Earnings, January 31 Income Statement Balance Sheet > balance in the common stock and retained earnings account. RICKY'S PIANO REBUILDING COMPANY Balance Sheet At January 31 Book $ 0 0 0 Hint 0 0 0 0 $ 0 O 0 0