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Stacey's Plano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and

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Stacey's Plano 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: a. Rebuilt and delivered five pianos in January to customers who paid $18,600 in cash. b. Received a $560 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the bullding to a bicycle repair shop: received $900 for rent in January. d. Received $8,000 from customers as payment on their accounts. e. Recelved an electric and gas utility bill for $420 to be paid in February. f. Ordered $950 in supplies. 9. Paid $1,340 on account in January. h. Recelved from the home of Stacey Eddy, the major shareholder, a $990 tool (equipment) to use in the business in exchange for 120 shares of $1 par value stock. 1. Paid $14,700 in wages to employees who worked in January. 1. Declared and paid a $1,800 dividend (reduce Retained Earnings and Cash). k. Recelved and paid cash for the supplies in (n) 1. Paid $350 in interest expense on the long-term note payable. Required: Prepare an unadjusted classified income statement for January of the second year (ignore income taxes). \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ STACEY'S PIANO REBUILDING COMPANY } \\ \hline \multicolumn{2}{|c|}{ Income Statement (unadjusted) } \\ \hline Operating revenues: & \\ \hline Total operating revenues & \\ \hline Operating expenses: & \\ \hline & \\ \hline \end{tabular}

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