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Thank you Ricky's Plano Rebuilding Company has been operating for one year. On January 1 , at the start of its second year, its income
Thank you 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 transactions: a. Recelved a $550 deposit from a customer who wanted her piano rebuit in February. b. Rented a part of the building to a bicycle repair shop; $400 rent received for January. c. Delivered five rebuilt pianos to customers who paid $16,975 in cash. d. Delivered two rebuilt pianos to customers for $8,900 charged on account. e. Recelved $6,850 from customers as payment on their accounts. 1. Received an electric and gas utiity bill for $375 for January services to be paid in February. 9 Ordered $1.170 in supplies. h. Paid $1,650 on account in January. 1. Paid $17,900 in wages to employees in January for work done this month. 1. Recelved and paid cash for the supplies in (g). 2. Prepare journal entries for the above January transactions. (If no entry is required for o tronsoction/event, select "No Journol Entry Required" in the first occount field.)
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