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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
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: Following are the January 2013 transactions: Received a $565 deposit from a customer who wanted her piano rebuilt in February Rented a part of the building to a bicycle repair shop: $410 rent received for January. Delivered five rebuilt pianos to customers who paid $22,525 in cash Delivered two rebuilt pianos to customers for $10,800 charged on account Received $8,600 from customers as payment on their accounts. Received an electric and gas utility bill for $495 for January services to be paid in February. Ordered $1,040 in supplies. Paid $3,600 on account in January. Paid $13,400 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g) Prepare journal entries for the above January transactions. (If no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field.)
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