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can't figure out these two please help Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed $30 cash on July 1,2021 , signing
can't figure out these two please help
Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed $30 cash on July 1,2021 , signing a six-month note payable. b. Purchased equipment for $33 cash on July 2, 2021. c. Issued additional shares of common stock for $4 on July 3. d. Purchased software on July 4, \$4 cash. e. Purchased supplies on July 5 on account for future use, $6. f Recorded revenues on December 6 of $65, including $10 on credit and $55 received in cash g. Recognized salaries and wages expense on December 7 of $38; paid in cash. h. Collected accounts receivable on December 8,$7. 1. Paid accounts payable on December 9,$8. Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Combine the closing of revenue and expenses into one entry. Note: Enter debits before credits. a. Borrowed $30 cash on July 1,2021 , signing a six-month note payable. b. Purchased equipment for $33 cash on July 2,2021. cissued additional shares of common stock for $4 on July 3. d. Purchased soitware on July 4.$4 cash. e. Purchased supplies on July 5 on account for future use. \$6. f. Recorded reveriues on December 6 of $65, including $10 on credit and $55 received in cash. g. Recognized salaries and wages expense on December 7 of \$38; paid in cash. h. Collected accounts receivable on December 8,$7. 1. Paid accounts payable on December 9,$8 J Recelved a $4 cash deposit on December 10 from a hospital for a contract to start January 5.2022 Data for acjusungsournal entries on December 31 K. Amortization for 2021,\$2 1. Supplies of \$4 were counted on December 31: 2021. m. Depreciation for 2021.$2 n. Accrued interest of $1 on notes payable. o. Salarles and wages incurred but not yet paid or recorded, $2. p incorne tax expense for 2021 was $5 and will be paid in 2022 (Enter all of your answers in thousonds of dollars. (i.e., $100,000 should be entered os $100) ). repare the journal entries to recoid transactlons (a) thruagh (0). Then prepare the necessary adjusting entries ( k ) through (p) to arrectly repart net income for the period. Then recond the clesing ensty as of December 31 . (If rio entry is requlred for-a Journal entry worksheet Supplles of 3,4 were courted cn December 31, 2021. Flectord the adfusting entry Step by Step Solution
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