Hi can anyone help me with this accounting question Staceys Piano .docx

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Hi can anyone help me with this accounting question? Stacey's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its statement of earnings accounts had zero balances and the account balances on its statement of financial position were as follows: $ Cash Accounts receivable Supplies Equipment Land Building $ 10,000 Accounts payable 50,000 Deferred revenue (deposits) 2,400 Note payable (due in three years) 16,000 Contributed capital 12,000 Retained earnings 64,000 16,000 6,400 80,000 16,000 36,000 Required: 1&2. Enter the following January 2017 transactions in the T-accounts, using the letter of each transaction as the reference: a. Received a $600 deposit from a customer who wanted her piano rebuilt. b. Rented a part of the building to a bicycle repair shop; received $820 for rent in January. c. Rebuilt and delivered five pianos to customers who paid $18,400 in cash. d. Received $7,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $520 to be paid in February. f.
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  • Fall '19
  • Generally Accepted Accounting Principles, PIANO REBUILDING COMPANY, earnings accounts

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