Deposit from a customer who wanted her plano rebuilt

  • No School
  • AA 1
  • 6

This preview shows page 4 - 6 out of 6 pages.

deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $400 rent received for January c. Dellvered five rebuilt pianos to customers who paid $16.975 In cash. d. Delivered two rebuilt planos to customers for $8.900 charged on account. e. Received $6,850 from customers as payment on their accounts. . Received an electric and gas utility bill for $375 for January services to be paid in February g. Ordered $1.170 in supplies. h. Pald $1,650 on account in January 1. Paid $17.900 in wages to employees in January for work done this month. J. Received and paid cash for the supplies in (gl. E3-13 Part 5 5-a. Prepare an income statement for the month ended and at January 31, 5-b. Prepare a statement of retained earnings for the month ended and at January 31 5-c. Prepare a classified balance sheet for the month ended and at January 31. Complete this question by entering your answers in the tabs below. Red SA Reg 58 Req SC Prepare a statement of retained earnings for the mish ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings Retained Earnings January 1 Retained Earnings January 31 Regsc> Ricky's Plano Rebuilding Company has been operating for one year on January at the start of its second year.is Income statement accounts had zero balances and its balance sheet account balances were as follows Cash Accounts Receivable Supplies Equipent $ 6,950 Accounts Payable 24,000 Deferred Revenue (deposits) 2,250 votes Payable (long-tera) 10,000
Image of page 4
common stock 7.50 Retained Earnings 31. 4,850 47,750 .
Image of page 5
Image of page 6

You've reached the end of your free preview.

Want to read all 6 pages?

  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, Ricky, Plano Rebuilding Company

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors