Ricky’s Piano Rebuilding Company has been operating for one year. On January 1, at the start of… Assignment Help


Ricky’s Piano Rebuilding Company has been operating for oneyear. On January 1, at the start of its second year, its incomestatement accounts had zero balances and its balance sheet accountbalances were as follows:  Cash$7,800  AccountsPayable$10,900  AccountsReceivable38,750  Unearned Revenue(deposits)5,800  Supplies1,450  Notes Payable57,750  Equipment9,100  Common Stock15,500  Land9,550  RetainedEarnings5,300  Building28,600Following are the January 2013transactions:a.Received a $755 deposit from acustomer who wanted her piano rebuilt in February.b.Rented a part of the building toa bicycle repair shop; $340 rent received for January.c.Delivered five rebuilt pianos tocustomers who paid $20,900 in cash.d.Delivered two rebuilt pianos tocustomers for $10,400 charged on account.e.Received $8,400 from customersas payment on their accounts.f.Received an electric and gasutility bill for $835 for January services to be paid inFebruary.g.Ordered $1,050 in supplies.h.Paid $2,000 on account inJanuary.i.Paid $15,100 in wages toemployees in January for work done this month.j.Received and paid cash for the supplies in (g).Question: Prepare journal entries for the above Januarytransactions

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