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there are parts still wrong 9 [The following information applies to the questions displayed below! Ricky's Piano Rebuilding Company has been operating for one year.
there are parts still wrong
9 [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: Part 4 of 4 10 points Cash Accounts Receivable Supplies Equipment Land Building $ 7,000 Accounts Payable $ 9,55 Deferred Revenue 38,250 3,400 (deposits) 1,600 Notes Payable (long-term) 64, eee 15,800 Common Stock 14,580 9,250 Retained Earnings 8,150 27,700 Following are the January transactions: o Received a $670 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $740 rent received for January c Delivered five rebuilt pianos to customers who paid $21,575 in cash d. Delivered two rebuilt pianos to customers for $10,000 charged on account. e. Received $7.600 from customers as payment on their accounts. t. Received an electric and gas utility bill for $380 for January services to be paid in February g. Ordered $980 in supplies. h. Paid $2.800 on account in January, i. Paid $18.400 in wages to employees in January for work done this month. 1. Received and paid cash for the supplies in (! 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31 5-c. Prepare a classified balance sheet for the month ended and at January 31 Answer is not complete Complete this question by entering your answers in the tabs below. Reg SA Rea 58 Mease Prepare a classified balance sheet for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet At January 31 Current Assets Cash Supplies Accounts Receivable COCO 15.405 2580 40.650 w Total Current Assets Land Espent Buildings COOG 58,635 9250 15,800 27,700 doo 111,386 Total Assets Labtes Current Liabilities Aco Pay Deferred Ravenue Us Expense Total Current Listes Nors Payable long term COOOOO 4070 380 11,200 84,000Step by Step Solution
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