Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,400 30,800 1,470 10,400 8,100 26,400 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 8,900 3,440 48,000 1,600 6,400 15,230 a. Rebuilt and delivered five pianos in January to customers who paid $19,300 in cash. b. Received a $550 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $890 for rent in January. d. Received $8,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $490 to be paid in February. f. Ordered $880 in supplies. g. Paid $1,840 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $970 tool (equipment) to use in the business in exchange for 130 shares of $1 par value stock. i. Paid $14,800 in wages to employees who worked in January. j. Declared and paid a $2,500 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). Required: 1 & 2. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the reference. Cash Accounts Receivable 30,800 Beg. Bal. Beg. Bal. (a) 6,400 19,300 End. Bal. 30,800 End. Bal. 25,700 Supplies 1,470 Equipment 10,400 Beg. Bal. Beg. Bal. End. Bal. 1,470 End. Bal. 10,400 Land Building 26,400 Beg. Bal. 8,100 Beg. Bal. End. Bal. 8,100 End. Bal. 26,400 Accounts Payable 8,900 Unearned Revenue 3,440 Beg. Bal. Beg. Bal. End. Bal. 8,900 End. Bal. 3,440 Common Stock Long-term Note Payable 48,000 Beg. Bal. Beg. Bal. 1,600 End. Bal. 48,000 End. Bal. 1,600 Additional Paid-in Capital 6,400 Retained Earnings 15,230 Beg. Bal. Beg. Bal. End. Bal. 6,400 End. Bal. 15,230 Rebuilding Fees Revenue Rent Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Wages Expense Utilities Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0