Question

Ricky’s piano rebuilding company has been operating for one year. On January 1 at the start of its 2nd year, it’s income statement accounts had 0 balances and it’s balance statement sheet account balances were as follows:

Cash 6200

Accounts receivables 33,250

Supplies 1,700

Equipment 12,200

Land 8,500

Building 24,100

Accounts Payable 10,400

Deferred Revenue 4,000

Notes payables longterm 60, 750

Common stock 7000

Retained earnings 3,800

The following january transactions are in the picture and I need a t account with beginning and ending balances, a unadjusted trial balance, a income statement, statement of retained earnings, and a balance sheet need help with all of this thanks for any help :)

Following are the Januory transactions: a. Received a $715 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $445 rent received for January c. Delivered five rebuilt pianos to customers who paid $12 800 in cash. d. Delivered two rebuilt pianos to customers for $7.300 charged on account e. Received $5.200 from customers as payment on their accounts f. Received an electric and gas utility bill for $365 for January services to be paid in February. g. Ordered $1,145 in supplies. h. Paid $2,100 on account in January i. Paid $11.200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (9) 3. Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in t search

Answer 1

9g00 To 4200 30100 0,00