Credit Debit $ 2 6 13 54 $ 5 21 6 4 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals B e e 72 9 $ 96 5 96 Transactions and events during 2021 (summarized in thousands of dollars) follow. a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site, paid cash 58. c Issued additional shares of common stock on April 3 for $30. d. Purchased software on July 4, $11 cash, e Purchased supplies on account on October 5 for future use. $19. Paid accounts payable on November 6, $12. g. Signed a $20 service contract on November 7 to start February 1, 2022 h Recorded revenues of $148 on December 8, including 534 on credit and $114 collected in cash. Recognized salaries and wages expense on December 9.579 paid in cash J. Collected accounts receivable on December 10, $18. Data for adjusting journal entries as of December 31 k Unrecorded amortization for the year on software. $6. 1. Supplies counted on December 31, 2021. $12. m. Depreciation for the year on the equipment. $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was $7. It will be paid in 2022 7. Prepare the closing journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet 1 Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits General Journal Debit Credit Transaction Record entry Clear entry View general journal