a. Borrowed cash on six-month note b. Purchased equipment for cash c. Issued additional shares of stock d. Earned revenues: 22 25 f. Purchased other assets for cash g. Collected accounts receivable 5 h. Paid accounts payable Cash On account 47 8 i. j. k. Purchased supplies on account Received cash for future work Declared and paid cash dividend e. Recognized operating expenses: Cash On credit 25 5 f. Purchased other assets for cash g. Collected accounts receivable h. Paid accounts payable i. Purchased supplies on account j. Received cash for future work 3 9 10 7 Declared and paid cash dividend 4 andgl Northland Physical Therapy Northland Physical Therapy Balance Sheet otal Current Assets Noncurrent Assets Total Liabilities Stockholders Equity Total Noncurrent Assets Total SE Total Liab &SE Total Assets (you should balance at 66) Page 6 of 7 Ent & Post Closing T At this point. go to your prior t-accounts and post your closing entries. Then, as o final step, prepare a post-closing trial balance below Northland Physical Therapy Post Closing Trial Balance Payable Interest Payable Income Taxes Payable Unearned Revenue Retained Earning5 Totals you should balance at 71 Page 7 of 7 a. Borrowed cash on six-month note b. Purchased equipment for cash c. Issued additional shares of stock d. Earned revenues: 22 25 f. Purchased other assets for cash g. Collected accounts receivable 5 h. Paid accounts payable Cash On account 47 8 i. j. k. Purchased supplies on account Received cash for future work Declared and paid cash dividend e. Recognized operating expenses: Cash On credit 25 5 f. Purchased other assets for cash g. Collected accounts receivable h. Paid accounts payable i. Purchased supplies on account j. Received cash for future work 3 9 10 7 Declared and paid cash dividend 4 andgl Northland Physical Therapy Northland Physical Therapy Balance Sheet otal Current Assets Noncurrent Assets Total Liabilities Stockholders Equity Total Noncurrent Assets Total SE Total Liab &SE Total Assets (you should balance at 66) Page 6 of 7 Ent & Post Closing T At this point. go to your prior t-accounts and post your closing entries. Then, as o final step, prepare a post-closing trial balance below Northland Physical Therapy Post Closing Trial Balance Payable Interest Payable Income Taxes Payable Unearned Revenue Retained Earning5 Totals you should balance at 71 Page 7 of 7