4 1 Drs. Glenn Feltham and David Ambrose began operations of their physical therapy cinic, called Northland Physical Therapy, on January 1 2017. The annual reporting period enos December 31. The trial balance on January 1, 2018, was as follows the amounts are rounded to thousands of collars to simplity Account Titles Debit Credit 53 accounts receivant Supplies Equipment 7 scolated Depreciation $1 Softiere Accumulated Amortization Accounts Payable Notes Payable short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Como Stock Retained Earnings Service Revenge Depreciation Expense Amortization Expense Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense Totals $27 $27 14 Transactions during 2018 summarized in thousands of dollars) follow 4. Borrowed 515 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $18 cash on July 2. 2018, Issued additional shares of common stock for 54 on July 3. d: Purchased software on July 4, 54 cash. e. Purchased supplies on July 5 on account for future use. $6. Recorded revenues on December 6 of $50, including $10 on credit and $40 received in cash 9. Recognized salaries and wages expense on December 7 of $23; paid in cash Transactions during 2018 (summarized in thousands of dollars) follow: 3. Borrowed $15 cash on July 1, 2018, signing a six-month note payable, b. Purchased equipment for $18 cash on July 2, 2018 c Issued additional shares of common stock for $4 on July 3, d. Purchased software on July 4, $4 cash e. Purchased supplies in July 5 on account for future use, $6. 1. Recorded revenues on December 6 of $50, including $10 on credit and $40 received in cash g. Recognized salaries and wages expense on December 7 of $23; paid in cash. h. Collected accounts receivable on December 8, $7. 1. Pald accounts payable on December 9, $8. J. Received a $4 cash deposit on December 10 from a hospital for a contract to start January 5, 2019, Data for adjusting journal entries on December 31: k Amortization for 2018, $1. Supplies of $4 were counted on December 31, 2018, m. Depreciation for 2018, $2. n. Accrued interest of $1 on notes payable o. Salaries and wages incurred but not yet paid or recorded, $5. p. Income tax expense for 2018 was $5 and will be paid in 2019. 5. Post the adjusting entries from requirement 4 and prepare an adjusted trial balance. (Enter your answers in thousands of dollars. NORTHLAND PHYSICAL THERAPY Adjusted Trial Balance At December 31, 2018 LODIE HIS UNION UV encerna Vour answers in ADS Derow. Required information Req 6A Req 6B Req 6C Prepare an income statement. (Enter your answers in thousands of dollars.) NORTHLAND PHYSICAL THERAPY Income Statement (in thousands) 0 RESA Req6B > Journal entry worksheet 7 of 9