Question: i got everything right except for the last two questions. please help Stacey's Plano Rebuilding Company has been operating for one year (2019) At the
i got everything right except for the last two questions. please help


Stacey's Plano Rebuilding Company has been operating for one year (2019) At the start of 2020, Its statement of earnings accounts had zero balances and the account balances on its statement of financial position were as follows Cash Accounts receivable 10 040 50 000 Accounts payable 4. 400 Supplies 2 400 Deferred revenue [deposits) Equipment 16 000 Note payable [due in three years) 12 000 Contributed capital 80, 000 Land 145, 000 Luilding 64 000 Retained camings 36, 000 Required: 182. Enter the following January 2020 transactions In the T-accounts, using the letter of each transaction as the reference a. Received a $600 deposit from a customer who wanted her plano rebuilt. b. Rented a part of the building to a bicycle repair shop; received $820 for rent In January. c. Rebuilt and delivered five planes to customers who paid $18,400 in cash. d. Received $7,200 from customers as payment on their accounts. a. Received an electric and gos utility bill for $520 to be paid In February. if Ordered $960 Im supplies. g. Paid $2140 on account to suppliers. h. Received from Sam Menes, the major shareholder, a $920 tool (equipment) to use In the business In exchange for the company's shares. A Paled $15,000 mm wages to employees for work In January. /. Declared and pold a cash dividend of $2,600. k. Received and paid for the supplies ordered In (f). Answer is complete and correct. Cach Accounts recalsable Bog bal 10.000 Bog. bal. 50.000 2140 3 8 820 15.000 18.400 2.600 7200 950 K End bal 42,800 End. bal. 16.320 Supplies Equipment Bog. bal 2.40 Bog. bal. 16.000 950 h. 920 End. bal End. bal 16 920 Land Building Bog bal. 12.000 Bog. bal. 64000 End. bal. 12.000 End. bal. 64 0DO Deferred Revenue (deposits) 16.000 Bog. bal. 6.400 ) Bog bal. 2, 140 14.380 End. bal. 7.000 End. bal. Note Payable Contributed Capital 80 000 ) Bag bal 16,000 ) Bog bal. 920 h. End. bal. End. bal. Retained Earnings Flebuilding Fees Revenue 36.000 ) Bag bal. 0Bog bal. 2.600 18 4002 COFEE End. bal. 18 400 End. bal. Rent Revenue WagING Expand 0Bog bal. Bog. bal. 820h.Accounts payable Deferred Revenue (deporitol 16,000 ) Bog. bal. 2140 6400 ) Bog. bal. 520 14.380 End. bal. 7.000 End. bal. Note Payable Contributed Capital 80,000 ) Bag. bal. 16,000 ) Bog bal. 920 h. End. bal. 6 920 End. bal. Fletalned Barings Rebuilding Fees Revenue 36 000 ) Bog bal. 2.600 0Bog bal. 8,400 83.400 End. bal. 18,400 End. bal. Rent Revenue WagNG Expance 0Bog. bal. Bog. bal. 820 h. 15.000 820 End. bal End. bal 15,000 willties Expense Bog. bal. 1520 End. bal. 520 3. Using the dots from the T-accounts, complete the following equations. Answer is complete and correct. Revenues $ 19 220 - $ 15.620= Not Gaming $ 3.700 Answer is complete and correct. 155 400= Liabilities $ 101,380 + Shareholders Equity $ 54.020 4. Calculate the company's net earnings for January by using the cash basis of accounting Answer is complete but not entirely correct. Not namings $ 10, 180 % 5. Calculate the return on assets using the accruel basis of accounting for January 2020. (Round the final answer to 2 decimal places.I Answer is complete but not entirely correct. Rotum on asacts 2.38 %%
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