Ricky s Piano Rebuilding Company has been operating for one year. On January 1 , at the
Question:
Rickys Piano Rebuilding Company has been operating for one year. On January 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 Payable $
Accounts Receivable Deferred Revenue deposits
Supplies Notes Payable longterm
Equipment Common Stock
Land Retained Earnings
Buildings
Following are the January transactions:
Received a $ deposit from a customer who wanted her piano rebuilt in February.
Rented a part of the building to a bicycle repair shop; $ rent received for January.
Delivered five rebuilt pianos to customers who paid $ in cash.
Delivered two rebuilt pianos to customers for $ charged on account.
Received $ from customers as payment on their accounts.
Received an electric and gas utility bill for $ for January services to be paid in February.
Ordered $ in supplies.
Paid $ on account in January.
Paid $ in wages to employees in January for work done this month.
Received and paid cash for the supplies in gPost the journal entries to the Taccounts.
Show the beginning and unadjusted ending balances in the Taccounts.