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[The following information applies to the questions displayed below. Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start
[The following information applies to the questions displayed below. Ricky's Piano 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: s 6,250 Accounts Payable Cash Accounts Receivable Supplies Equipment Land Building 31,500 2,400 15,200 8,250 12,900 Unearned Revenue (deposits) Notes Payable Common Stock Retained Earnings $ 8,600 3,850 42,750 9,000 12,300 Following are the January 2013 transactions: a. Received a $950 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $370 rent received for January c. Delivered five rebuilt pianos to customers who paid $19,600 in cash. d. Delivered two rebuilt pianos to customers for $9,700 charged on account. e. Received $8,650 from customers as payment on their accounts. f. Recelved an electric and gas utility bill for $825 for January services to be paid in February g. Ordered $1,125 in supplies. h. Paid $3,250 on account in January i. Paid $12,500 in wages to employees in January for work done this month. j. Recelved and paid cash for the supplies in (g)
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