question 6 part 4 of 4

REQ5A

REQ5B

REQ5C

6 Part of Required information 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.is income statement accounts had zero balances and its balance sheet account balances were as follows Cash 5.6,900 Accounts Payable Accounts Receivable $ 8,500 25.250 Deferred Revenue deposits) 5,200 Supplies 3,35e Notes Payable long-tera) 43.500 Equipment 15.300 Connon Stock 15.000 Land 6,900 Retained Earnings 6,200 Buildings 22,700 Following are the January transactions: 1. Received a $865 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $345 rent received for January c Delivered five rebuilt planos to customers who paid $11.925 in cash d. Delivered two rebuilt planos to customers for $6,800 charged on account. e. Received $4,800 from customers as payment on their accounts Received an electric and gas utility bill for $440 for January services to be paid in February g. Ordered $995 in supplies h. Pald $1,600 on account in January 1. Paid $10,300 in wages to employees in January for work done this month 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 if there are no dividends, include a line that reports Dividends of zero 5-c. Prepare a classified balance sheet at January 31 to education.com NW 103 cer 3. Homework Required information Complete this question by entering your answers in the tabs below. ora Rea SA Reg 58 Rea SC Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement 0 > Okay dot Sales TXT che apter 3 Homework Required information 6 Re SA 4 of 4 Reg 58 Rea SC Prepare an income statement for the month ended and at January RICKY'S PIANO REBUILDING COMPANY Income Statement 0 0 Net Income Net Loss Okay % $ A 2 3 90 apter 3. Homework 6 5-a. Prepare an income statement for the month ended and 5-b. Prepare a statement of retained earnings for the month reports Dividends of zero. 5-c. Prepare a classified balance sheet at January 31, t 4 of 4 Complete this question by entering your answers in the Req 5A Reg 58 Reg SC Prepare a statement of retained earnings for the month ended reports Dividends of zero. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings Retained Earnings, January 1 Add: Dividends (Reg SA Less: Dividends Okay 2 # 3 $ 4 % 5 6 3 E R T 0 - cott ofarm 1 Chee.com Chapter 3. Homework Win Required information 6 Prepare a classified balance sheet at January 31. data RICKY'S PIANO REBUILDING COMPANY Balance Sheet Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Buildings Cach 0 Okay