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Accounts payable

Accounts receivable

Additional paid in capital

Advertising expense

Cash

Commission expense

Common stock

Consulting expense

Cost of goods sold

Equipment

Fuel expense

Games revenue

Insurance expense

Interest expense

Interest revenue

Inventory

Land

Miscellaneous expenses

Notes payable (long term)

Notes payable (short term)

Prepaid expense

Rebuilding fees revenue

Rent expense

Rent revenue

Repairs expense

Retained earnings

Supplies

Supplies expense

Toto expenses

Unearned revenue

Utilities expense

Wage expense

Wages payable

Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,700 30,900 1,510 9,600 7,300 24,800 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,000 3,240 48,000 180 720 19,670 a. Rebuilt and delivered five pianos in January to customers who paid $18,700 in cash. b. Received a $520 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $880 for rent in January. d. Received $7,600 from customers as payment on their accounts. e. Received an electric and gas utility bill for $470 to be paid in February. f. Ordered $930 in supplies. g. Paid $2,040 on account in January h. Received from the home of Stacey Eddy, the major shareholder, a $900 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock. i. Paid $14,300 in wages to employees who worked in January. j. Declared and paid a $1,800 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). Required: Prepare an unadjusted classified income statement for January of the second year (ignore income taxes). STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) At January 31 Operating revenues: Total operating revenues Operating expenses: Total operating expenses Other item: $ 0 Required: Prepare an unadjusted classified income statement for January of the second year (ignore income taxes). STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) At January 31 Operating revenues: 0 Total operating revenues Operating expenses: Net income 0 Net loss Operating income Operating loss $

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