Question & Answer: ezto.mheducation.com/hm.tpx 3-12 and E3-13 Recording and Posting Accrual Basis Journal Entries and O 3-3 and LO 3-4] The following informati…..

ezto.mheducation.com/hm.tpx 3-12 and E3-13 Recording and Posting Accrual Basis Journal Entries and O 3-3 and 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 seco year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $12,350 4,200 40,750 11,000 18,350 Cash $7,250 Accounts Payable 33,000 Unearned Revenue (deposits) Accounts Receivable Supplies Equipment Land Building 1,750 Notes Payable 10,500 Common Stock 6,650 Retained Earnings 27,500 Following are the January 2013 transactions: a. Recelved a $900 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $600 rent received for January c. Delivered five rebuilt pianos to customers who paid $12,300 in cash. d. Delivered two rebuilt pianos to customers for $6,900 charged on account. e. Received $4,900 from customers as payment on their accounts. f. Received an electric and gas utility bill for $410 for January services to be paid in February g. Ordered $825 in supplies. h. Paid $1,400 on account in January. i. Paid $17700 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (g) References