Drs Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January The annual reporting period ends December The trial balance on January was as follows the amounts are rounded to thousands of dollars to simplify:

Account Titles Debit Credit

Cash $

Accounts Receivable

Supplies

Equipment

Accumulated Depreciation $

Software

Accumulated Amortization

Accounts Payable

Notes Payable shortterm

Salaries and Wages Payable

Interest Payable

Income Taxes Payable

Deferred Revenue

Common Stock

Retained Earnings

Service Revenue

Depreciation Expense

Amortization Expense

Salaries and Wages Expense

Supplies Expense

Interest Expense

Income Tax Expense

Totals $ $

Transactions during summarized in thousands of dollars follow:

Borrowed $ cash on July signing a sixmonth note payable.

Purchased equipment for $ cash on July

Issued additional shares of common stock for $ on July

Purchased software on July $ cash.

Purchased supplies on July on account for future use, $

Recorded revenues on December of $ including $ on credit and $ received in cash.

Recognized salaries and wages expense on December of $; paid in cash.

Collected accounts receivable on December $

Paid accounts payable on December $

Received a $ cash deposit on December from a hospital for a contract to start January

Data for adjusting journal entries on December :

Amortization for $

Supplies of $ were counted on December

Depreciation for $

Accrued interest of $ on notes payable.

Salaries and wages incurred but not yet paid or recorded, $

Income tax expense for was $ and will be paid in

Post the journal entries from requirement to Taccounts and prepare an unadjusted trial balance. Enter your answers in thousands of dollars.

Answer rating: 100% (QA)

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