Complete the balance sheet with the information provided.

Ch. 4 HW Help Save & Exit Submit 1 1 20 points 12 Pint Check my work Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1 2018, follows (amounts are rounded to thousands of dollars to simplify) Account Titles Debit Credit Cash 35 Accounts Receivable Supplies Equipment Accumulated Depreciation Software homilated Amortization Accounts Payable Notes Payable long-ter) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenge Common stock Betained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortisation Expense Interest Expense Income Tax Expono 528 20 Totale 3 . 0 O Transactions during 2018 (summarized in thousands of dollars) follow. a. Borrowed $17 cash on July 1, 2018, 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 $6. d. Purchased additional equipment on August 4, $2 cash. e. Purchased, on account, supplies on September 5 for future use, $8. f. On December 6, recorded revenues in the amount of $59, including $7 on credit and $52 received in cash. g. Paid salaries and wages expenses on December 7, $23. h. Collected accounts receivable on December 8, $9. 1. Paid accounts payable on December 9, $12. J. Received a $6 deposit on December 10 for work to start January 15, 2019. Data for adjusting Journal entries on December 31: k Amortization for 2018, $6. 1. Supplies of $6 were counted on December 31, 2018, m. Depreciation for 2018, $3. n. Accrued interest on notes payable of $3. o. Wages earned but not yet paid $4. p. Income tax for 2018 was $5 and will be paid in 2019, Assets Current Assets Cash Accounts Receivable Supplies 3 17 LAZY SOFA FURNITURE, INC. Balance Sheet At December 31, 2018 (In thousands) Liabilities Current Liabilities 36 Accounts Payable 2 Notes Payable (short-term) 3 Salarios and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Deferred Revenue 0 0 Total Current Liabilities $ 41 Stockholders' Equity 0 Common Stock 0 Rotained Earnings CA 4 3 5 6 0 $ 38 Total Assets 18 12 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 0 30 68 $ $ $ 41 Prey 1 of 1 Next