7 Data for adjusting Journal entries on December 31: Part 7 of 9 k. Amortization for 2018, $5. Supplies of $6 were counted on December 31, 2018. m. Depreciation for 2018, $3. n. Accrued interest on notes payable of $3. a Wages earned but not yet paid, $4. a. Income tax for 2018 was $4 and will be paid in 2019. 4 points 7. Prepare the closing Journal entry. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld. Enter your answers in thousands of dollars.) Answer is not complete. No Credit Transaction 1 Debit 53 1 O 53 513 General Journal Servion Revenue Supplies Expense Software Depreciation Expense Salanes and Wages Expense Amortization Expense Interest Expense Supplies Expense Income Tax Expense 30 33 3 4 O M Gr Prov 7 8 9 019 Next > Acc Cycle Project 1 Saved Help Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate compl 7 Panza Part 7 of 9 4 points YUR [The following information applies to the questions displayed below) Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1 2018, follows (amounts are rounded to thousands of dollars to simplify) Account Titles Debit Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation SO Sotaro 10 Accumulated Amortization counts Payable Notes Payable (long-term) salarion and Wagee Dayable Interest Payable Income Tax Payable Deforced Revenue Common Stock Retained tannings Garvio Revenue Supplies Expense Depreciation En Salaries and Wagon Expono Amortization Expence Interest Expence TG Tax Exe Totais 125 $25 6 0 O O 0 2 0 0 0 0 0 Transactions during 2018 summarized in thousands of dollars follow a Borrowed 511 can on July 1, 2018 aning astmonth note payable ME G Hill Depreciation Expense Salaries and Wages Expense Amortization Expense Interest Expense Income Tax Expenso Totala 0 0 0 0 0 $25 $ 25 Transactions during 2018 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $13 cash on July 2. C. Issued additional shares of common stock on July 3 for $6. d. Purchased additional equipment on August 4, $2 cash. e. Purchased, on account, supplies on September 5 for future use, $8. f. On December 6, recorded revenues in the amount of $53, including $7 on credit and $46 received in cash. g. Pald salaries and wages expenses on December 7, $29. h. Collected accounts receivable on December 8. $9. 1. Paid accounts payable on December 9, $12. J. Received a $5 deposit on December 10 for work to start January 15, 2019 Data for adjusting journal entries on December 31: k Amortization for 2018, $5 1. Supplies of $6 were counted on December 31, 2018 m. Depreciation for 2018, $3. n. Accrued Interest on notos payable of $3. o. Wages earned but not yet paid $4. p. Income tax for 2018 was $4 and will be paid in 2019. s rov 7 B 9 of 9 Next > MacBook Air