Ricky's Piano Rebuilding Company has been operating for one year Ori 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 $7,000 Accounts Payable 5 10,900 Accounts Receivable 38, 750 Deferred Revenue (deposits) 5,800 Supplies 1,450 Notes Payable (long-term) 57,750 Equipment 9, 100 Common Stock 15, 500 Land 9, 550 Retained Earmings 5, 300 Buildings 211, 600 Following are the January transactions: Received a $755 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicyde repair shop, $340 rent received for January. Delivered five rebuilt pianos to customers who paid $20, 900 in cash. Delivered two rebuilt pianos to customers for 510 400 charged on account: Received S8, 400 from customers as payment on their accounts Received an electric and gas utility bill for 5835 for January services to be paid in February Ordered $1,050 in supplies. Paid $2,000 on account in January Paid $15. 100 in wages to employees in January for w work done this month. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 55-a Prepare an income statemerit for the month ended and at January 31.
Ricky's Piano Rebuilding Company has been operating for one year Ori 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 $7,000 Accounts Payable 5 10,900 Accounts Receivable 38, 750 Deferred Revenue (deposits) 5,800 Supplies 1,450 Notes Payable (long-term) 57,750 Equipment 9, 100 Common Stock 15, 500 Land 9, 550 Retained Earmings 5, 300 Buildings 211, 600 Following are the January transactions: Received a $755 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicyde repair shop, $340 rent received for January. Delivered five rebuilt pianos to customers who paid $20, 900 in cash. Delivered two rebuilt pianos to customers for 510 400 charged on account: Received S8, 400 from customers as payment on their accounts Received an electric and gas utility bill for 5835 for January services to be paid in February Ordered $1,050 in supplies. Paid $2,000 on account in January Paid $15. 100 in wages to employees in January for w work done this month. Received and paid cash for the supplies in (g). E3-13 (Algo) Part 55-a Prepare an income statemerit for the month ended and at January 31.
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