CA-4 From Recording Transactions Including Adjusting Journal Entries) to eparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4. LO 4-5, LO 4-6 The tooowing infomation applios to th questions displayod bolow! Alison and Chuck Renny began operations of their fumiture repair shop azy Sofa Furniture, Inc3o anuary 1, 2014 Th ual reporti period ends Dec January 1, 2015. pears below (amounts unded to thousands of dollars to simplly0 6 Accumulated Depreciati Accounts payable Notes Payable g-term) Salaries and Wages Payable Interest Payable Income Tax Payable nearned Revenue Common Stock Retained Earnings Suppl Depreciation Expense Salaries and Wages Expense Amortization Expense $25 $25 during 2015 nds of dollars) 1. Borrowed S23 cash on July 1, 2015. signing x-month note payable 2. Purchased equipment for $20 cash on July 12015. 3. bsued edditional stock for $6. ount of $65, inclu teda and $58 for 2015 $37 paid 5 Recogni d salaries and wages exp 6 purchased additional equipment $2 cash. able, $9. & Paid accounts payable S12. 9 Purchased on account supples for future use, $8. O Received a $5 work to start January 15, 2015 deposit Data for adjusting 1. Amortization for 2015, $5. 2 Supplies of $6 December 31, 2015. for 2015, $3. 13 Depreciate Accrued interest on notes payable of$1 5 Wages earned since 4 payr not yet paid. 6 Income tax for 2015 $2 and will be paid 2016