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Alison and Chuck Renny began operations of their furniture repair shop ( Lazy Sofa Furniture, Incorporated ) on January 1 , 2 0 2 0

Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Incorporated) on January 1,2020. The annual reporting period ends December 31. The trial balance on January 1,2021, follows (amounts are rounded to thousands of dollars to simplify).
\table[[Account Titles,Debit,Credit],[Cash,$6,],[Accounts Receivable,3,],[Supplies,1,],[Equipment,5,],[Accumulated Depreciation,10,],[Software,,5],[Accumulated Amortization,,6],[Accounts Payable,,0],[Notes Payable (short-term),,0],[Salaries and Wages Payable,,0],[Interest Payable,,11],[Income Tax Payable,,3],[Deferred Revenue,0,],[Common Stock,0,],[Retained Earnings,0,],[Service Revenue,,],[Supplies Expense,0,],[Depreciation Expense,0,],[Salaries and Wages Expense,0,],[Amortization Expense,,],[Interest Expense,,],[Income Tax Expense,25,$25
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