Question: please make a journal entirely for all transactions then post to T accounts then make a unadjusted trial balance Ricky's Piano Rebuilding Company has been

please make a journal entirely for all transactions then post to T accounts then make a unadjusted trial balance

please make a journal entirely for all 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: '1' Cash 5 6 , 8 00 Accounts Payable $ 8 , 80 0 Accounts Receivable 27 , 4 00 Deferred Revenue (deposits) 3 , 440 Supplies 1,440 Notes Payable 46,400 Equipment 8 , 800 Contributed CapitaI ' 8 , 800 Land 6 , 800 Retained Earnings 9 , 800 Building 26,000 0 Required: 2. Prepare journal entries for the following January transactions, using the letter of each transaction as a reference: (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Received a $580 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $340 rent received for January. c. Delivered ve rebuilt pianos to customers who paid $16,100 in cash. d. Delivered two rebuilt pianos to customers for $7,800 charged on account. \\ e. Received $6,800 from customers as payment on their accounts. f. Received a utility bill for $430 for January services to be [:Iaid in February. 9. Ordered $960 in supplies. h. Paid $1,940 to suppliers on account in January. i. Paid $14,000 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!