cash credit is
B Prepare adjusting entries on January Some additional information: the equipment was purchased at $ on the first day of the operation January and was depreciated evenly over its expected life.
Question : Staceys Piano Rebuilding Company
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year January its income statement accounts had zero balances and its balance sheet account balances were as follows:
Required:
A Prepare the journal entries for the following trancictions in January
a Rehuilt and delivered five panos in January to customers who paid $ in
cash.
b Received a $ deposin from a customer who wanted her pano rebuile.
c Rented a part of the bulding to a bicycle repair shop, received $ for rent in January.
d Received $ from customers as payment on their accounts.
c Received an electric and gas utility bill for $ to be paid in Fehruary
Ordered $ in supplies.
g Paid $ on account in January.
h Pard $ in wages to employees who worked in January
Deslared and paid a $ dividend.
Received and paid cash for the supplies in f
