E$3-9($Algo$)$ Analyzing the Effects of Transactions in T$-$Accounts LO$3-3,3-4$

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$.$ Rebult and delivered rive pianos in January to customers who pald $$19,300in$ cash.

b$.$ Recelved a $$590$ deposit from a customer who wanted her plano rebuit

c$.$ Rented a part of the bulling to a bicycle repar shop, recelved $$880$ for rent in January.

d$.$ Recelved $$7,700$ from customers as payment on thelr accounts.

e$.$ Receved an electric and gas utility bull for $$510$ to be paid in February.

f$.$ Ordered $$910$ in supplles.

g$.$ Pald $$1,840$ on account in January.

h$.$ Recelved from the home of Stacey Eddy, the major shareholder, a $$980$ tool $($equipment$)$ to use in the business in exchange for

$110$ shares of $$1$ par value stock.

Pald $$14,000$ in wages to employees who worked in January.

I. Declared and pald a $$2,600$ dividend $($reduce Retained Earnings and Cash$).$

K$.$ Recelved and pald cash for the supplies in $($f$).$

I. Pald $$340$ in interest expense on the long$-$term note payable.

Requlred:

$1$ and $2.$ Enter the following transactions for January of the second year into the Taccounts. Using the letter of each transaction as the

reference:

Using the data from the T$-$accounts, amounts for the following at the end of January of the second year, were.

Answer is not complete.

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Required $1$

Required $3$

Enter the following transactions for January of the second year into the T$-$accounts, using the letter of each transaction as the reference: