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adjusted income statement added for reference Debit Credit $ 6 2 2 8 $ 1 6 1 5 OO NNO Account Titles Cash Accounts Receivable
adjusted income statement added for reference
Debit Credit $ 6 2 2 8 $ 1 6 1 5 OO NNO Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) 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 12 5 0 0 0 0 0 0 $ 24 $ 24 Transactions during 2021 (summarized in thousands of dollars) follow: Adjusted NORTHLAND PHYSICAL THERAPY Balance Sheet At December 31, 2021 (in thousands) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 Equipment 43 OS 43 6 0 Software ooo 8 $ $ $ $ 8 8 51 Adjusted NORTHLAND PHYSICAL THERAPY Income Statement For the Year Ended December 31, 2021 (in thousands) Revenues Service Revenue $ 66 O 66 Total Revenues Expenses Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense 44 3 1 3 tt t 1 00 8 0 Total Expenses Net Income 60 $ 6 Debit Credit $ 6 2 2 8 $ 1 6 1 5 OO NNO Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) 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 12 5 0 0 0 0 0 0 $ 24 $ 24 Transactions during 2021 (summarized in thousands of dollars) follow: Adjusted NORTHLAND PHYSICAL THERAPY Balance Sheet At December 31, 2021 (in thousands) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 Equipment 43 OS 43 6 0 Software ooo 8 $ $ $ $ 8 8 51 Adjusted NORTHLAND PHYSICAL THERAPY Income Statement For the Year Ended December 31, 2021 (in thousands) Revenues Service Revenue $ 66 O 66 Total Revenues Expenses Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense 44 3 1 3 tt t 1 00 8 0 Total Expenses Net Income 60 $ 6 Step by Step Solution
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