C4-4 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) [LO 2-3, 3-3, 4-1, 4-2, 4-3, 4-4, 4-5, 4-6] (General Ledger) 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). Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Debit $ 6 Credit 3 1 5 $ 0 10 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortization Expense Income Tax Expense Interest Expense Totals 5 6 0 11 3 0 0 0 0 0 0 0 $ 25 $ 25