! Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4) (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: Cash Accounts Receivable Supplies Equipment Land Buildings $ 6,400 Accounts Payable 21,500 Deferred Revenue (deposits) 2,850 Notes Payable (long-term) 17,200 Common Stock 9,300 Retained Earnings 24,400 $ 10, 750 4,650 41,000 12,000 13,250 Following are the January transactions: a. Received a $565 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $410 rent received for January. c. Delivered five rebuilt pianos to customers who paid $22,525 in cash. d. Delivered two rebuilt pianos to customers for $10,800 charged on account. e. Received $8,600 from customers as payment on their accounts. f. Received an electric and gas utility bill for $495 for January services to be paid in February. g. Ordered $1,040 in supplies. h. Paid $3,600 on account in January. i. Paid $13,400 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 4 4. Prepare an unadjusted trial balance at January 31. RICKY'S PIANO REBUILDING COMPANY Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash Accounts Receivable Supplies Land Equipment Buildings Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Rent Revenue Service Revenue Utilities Expense Salaries and Wages Expense Total $ 0 $ 0