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 $ 6,300 30,300 1,460 10,500 7,400 26,500 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 8,800 2,940 47,100 1,700 6,800 15,120 a. Rebuilt and delivered five pianos in January to customers who paid $18,700 in cash. b. Received a $530 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $870 for rent in January. d. Received $7,700 from customers as payment on their accounts. e. Received an electric and gas utility bill for $500 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 $950 tool (equipment) to use in the business in exchange for 120 shares of $1 par value stock. i. Paid $14,500 in wages to employees who worked in January. j. Declared and paid a $1,900 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). 1. Paid $340 in interest expense on the long-term note payable. Required: 1 and 2. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the reference: 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were:

Stacey's Plano Rebullding 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: a. Rebuilt and dellvered five planos in January to customers whio paid $18,700 in cash b. Recelved a $530 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the building to a bicycle repair shop, recelved $870 for rent in fanuary d. Recelved $7,700 from customers as payment on their accounts. e. Received an electric and gas utility bill for $500 to be paid in February t. Ordered $880 in supplies. g. Paid $1,840 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $950 tool (equipment) to use in the business in exchange for 120 shares of $1 par value stock. 1. Paid $14,500 in wages to employees who worked in January j. Declared and paid a \$1,900 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (t) L. Paid $340 in interest expense on the long-term note payable. Required: 1 and 2. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the reference: 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were