Recording and Posting Accrual Basis Journal EntriesRicky s Piano Rebuilding Company has been operating for one year (2012). At the start of 2013 its income statement accounts had zero balances and its balance sheet account balances were as follows:Cash $ 6000 Accounts Payable $ 8000Accounts Receivable 25000 Unearned Revenue (deposits) 3200Supplies 1200 Notes Payable 40000Equipment 8000 Contributed Capital 8000Land 6000 Retained Earnings 9000Building 22000Required:1. Create T-accounts for the balance sheet accounts and for these additional accounts: PianoRebuilding Revenue Rent Revenue Wages Expense and Utilities Expense. Enter the beginning balances.2. Prepare journal entries for the following January 2010 transactions using the letter of each transaction as a reference:a. Received a $500 deposit from a customer who wanted her piano rebuilt in February.b. Rented a part of the building to a bicycle repair shop; $300 rent received for January.c. Delivered five rebuilt pianos to customers who paid $14500 in cash.d. Delivered two rebuilt pianos to customers for $7000 charged on account.e. Received $6000 from customers as payment on their accounts.f. Received an electric and gas utility bill for $350 for January services to be paid in February.g. Ordered $800 in supplies.h. Paid $1700 on account in January.i. Paid $10000 in wages to employees in January for work done this month.j. Received and paid cash for the supplies in (g).3. Post the journal entries to the T-accounts. Show the unadjusted ending balances in the T-accounts