-
Prepare journal entries for the following January 2012 transactions, using the letter of each transaction as a reference:
-
Received a $500 deposit from a customer who wanted her piano rebuilt in February.
-
Rented a part of the building to a bicycle repair shop; $300 rent received for January.
-
Delivered five rebuilt pianos to customers who paid $14,500 in cash.
-
Delivered two rebuilt pianos to customers for $7,000 charged on account.
-
Received $6,000 from customers as payment on their accounts.
-
Received an electric and gas utility bill for $350 for January services to be paid in February.
-
Ordered $800 in supplies.
-
Paid $1,700 on account in January.
-
Paid $10,000 in wages to employees in January for work done this month.
-
Received and paid cash for the supplies in (g).