Ciro and Clara Lucero began operations of their furniture repair shop $($Lazy Sofa Furniture, Incorporated$)$ on January $1,$

The annual reporting period ends December $31.$ The trial balance on January $1,2024,$ follows $($amounts are rounded

to thousands of dollars to simplify$).$

Transactions during $2024($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $$25$ cash on July $1,$ signing a six$-$month note payable.

b$.$ Purchased equipment for $$22$ cash on July $2.$

c$.$ Issued additional shares of common stock on July $3$ for $$4.$

d$.$ Purchased additional equipment on August $4,$$$4$ cash.

e$.$ Received supplies on account on supplies on September $5$ for future use, $$9.$

$f.$ On December $6,$ recorded revenues in the amount of $$68,$ including $$8$ on credit and $$60$ received in cash.

g$.$ Paid salaries and wages expenses on December $7,$$$39.$

h$.$ Collected accounts receivable on December $8,$$$7.$

Paid accounts payable on December $9,$$$10.$

j$.$ Received a $$4$ deposit on December $10$ for work to start January $15,2025.$

Data for adjusting journal entries on December $31$ :

k$.$ Amortization for $2024,$$$4.$

Supplies of $$5$ were counted on December $31,2024.$

f$.$ On December $6,$ recorded revenues in the amount of $$68,$ including $$8$ on credit and $$60$ receive

g$.$ Paid salaries and wages expenses on December $7,$$$39.$

h$.$ Collected accounts receivable on December $8,$$$7.$

i$.$ Paid accounts payable on December $9,$$$10.$

j$.$ Received a $$4$ deposit on December $10$ for work to start January $15,2025.$

Data for adjusting journal entries on December $31$:

k$.$ Amortization for $2024,$$$4.$

Supplies of $$5$ were counted on December $31,2024.$

m$.$ Depreciation for $2024,$ $$1.$

$n.$ Interest of $$1$ on notes payable is yet to be recorded.

o$.$ Salaries and wages earned but not yet paid, $$2.$

p$.$ Income tax for $2024$ was determined to be $$3$ and will be paid in $2025.$

quired:

Record journal entries for transactions $($a$)$ through $($U$).$

ote: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first acco

iswers in thousands of dollars.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

Borrowed $$25$ cash on July $1,$ signing a six$-$month note payable. Record the

transaction.

Note: Enter debits before credits.

Required:

Prepare an unadjusted trial balance.

Note: Enter your answers in thousands of dollars.

Ciro and Clara Lucero began operations of their furniture repair shop $($Lazy Sofa Furniture, Incorporated$)$ on Jar

The annual reporting period ends December $31.$ The trial balance on January $1,2024,$ follows $($amounts a

to thousands of dollars to simplify$).$

Transactions during $2024($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $$25$ cash on July $1,$ signing ads six$-$month note payable.

b$.$ Purchased equipment for $$22$ cash on July $2.$

c$.$ Issued additional shares of common stock on July $3$ for $$4.$

d$.$ Purchased additional equipment on August $4,$$$4$ cash.

e$.$ Received supplies on account on supplies on September $5$ for future use, $$9.$

f$.$ On December $6,$ recorded revenues in the amount of $$68,$ including $$8$ on credit and $$60$ received in cash.

g$.$ Paid salaries and wages expenses on December $7,$$$39.$

h$.$ Collected accounts receivable on December $8,$$$7.$

i$.$ Paid accounts payable on December $9,$$$10.$

j$.$ Received a $$4$ deposit on December $10$ for work to start January $15,2025.$

Data for adjusting journal entries on December $31$:

k$.$ Amortization for $2024,$$$4.$

l$.$ Supplies of $$5$ were counted on December $31,2024.$

Ciro and Clara Lucero began operations of their furniture repair shop $($Lazy Sofa Furniture, Incorporated$)$ on Januar

The annual reporting period ends December $31.$ The trial balance on January $1,2024,$ follows $($amounts are

to thousands of dollars to simplify$).$

Transactions durin