Question

Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $685 rent received for January. Delivered five rebuilt pianos to customers who paid $18,675 in cash. Delivered two rebuilt pianos to customers for $9,600 charged on account. Received $8,000 from customers as payment on their accounts. Received an electric and gas utility bill for $395 for January services to be paid in February. Ordered $1,255 in supplies. Paid $2,600 on account in January. Paid $12,200 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g).

Answer 1

1. Dr Cash 665

Cr Advance from customer 665

2. Dr Cash 685

Cr Other income 685

3. Dr cash 18675

Cr Account receivable 18675

4. Dr Account receivable 9600

Cr Sales revenue 9600

5. Dr Cash 8000

Cr Account receivable 8000

6.Dr Utility expense 395

Utility expense payable 395

7. Dr Supplies 1255

Cr Accounts payable 1255

8. Dr Accounts payable 2600

Cr Cash 2600

9.Dr Salaries and wages expense 12200

Cr Cash 12200

Step-by-step explanation: