Debit Credit $ 6 ONNO $ 3 8 3 5 0 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Depreciation Expense Amortization Expense Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense Totals ces 16 1 $28 $28 a. Borrowed $26 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $29 cash on July 2, 2018. c.Issued additional shares of common stock for $6 on July 3. d. Purchased software on July 4, $2 cash. e. Purchased supplies on July 5 on account for future use, $8. f. Recorded revenues on December 6 of $60, including $9 on credit and $51 received in cash. g. Recognized salaries and wages expense on December 7 of $34; paid in cash. h. Collected accounts receivable on December 8. $8. 1. Pald accounts payable on December 9. $9. J. Received a $2 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. Data for adjusting journal entries on December 31: k. Amortization for 2018. $3. 7. Supplies of $2 were counted on December 31, 2018 m. Depreciation for 2018, $3. n. Accrued interest of $1 on notes payable, 1. Paid accounts payable on December 9, $9. J. Received a $2 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. ed Data for adjusting journal entries on December 31: SOK ences k. Amortization for 2018. $3. 1. Supplies of $2 were counted on December 31, 2018. m. Depreciation for 2018. $3. n. Accrued interest of $1 on notes payable. o. Salaries and wages incurred but not yet paid or recorded, $4. p. Income tax expense for 2018 was $3 and will be paid in 2019. (Enter all of your answers in thousands of dollars. (i.e., $100,000 should be entered as $100).) ter all of your answers in thousands of dollars. (i.e., $100,000 should be entered as $100).) General Ledger Requirement General Journal Trial Balance Income Statement Balance Sheet Statement of Retained Earnings Analysis General Journal tab - Prepare the journal entries to record the transactions (a) through C). Review the accounts as shown in the General Ledger and Trial Balance tabs. Then prepare the necessary adjusting entries (k) through (p) to correctly report net income for the period. Then record the closing entry as of December 31. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances in the General Ledger. Trial Balance tab - You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down. Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account based on your selection. Statement of Retained Earnings tab - Prepare the statement of retained earnings for the year ended December 31, 2018. Balance Sheet tab - Use the drop-down to select the accounts to properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection, Analysis tab - Using the information from the requirements above, complete the 'Analysis' tab. General Journal > PROJECT 2 PHYSICAL THERAPY O Seved Help Save & Exit Check my 1 Prepare the journal entries to record transactions () through (). Then prepare the necessary adjusting entries (5) through (o) to correctly report net income for the period. Then record the closing entry as of December 31. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) 100 points View transaction ist Sopped Journal entry worksheet Print Borrowed $26 cash on July 1, 2018, signing a six-month note payable. Record the transaction. Reference Not: Enter debits before credits Debit General Journal Credit Date Jul 01, 2018 1 Borrowed $26 cash on July 1, 2018, signing a six-month note payable. Record the transaction. 2 Purchased equipment for $29 cash on July 2, 2018. Record the transaction. 3 Issued additional shares of common stock for $6 on July 3. Record the transaction. 4 Purchased software on July 4, $2 cash. Record the transaction. 5 Purchased supplies on July 5 on account for future use, $8. Record the transaction JUUT Luyut epare the journal entries to record transactions (a) through (1). Then pl rrectly report net income for the period. Then record the closing entry ansaction/event, select "No journal entry required" in the first account f View transaction list :X 6 Recorded revenues on December 6 of $60, including $9 on credit and $51 received in cash. Record the transaction. 7 Recognized salaries and wages expense on December 7 of $34; paid in cash. 8 Collected accounts receivable on December 8, 58. Record the transaction. 9 Paid accounts payable on December 9, 59. Record the transaction 10 Received a s2 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. Record 1 Amortization for 2018, $3. Record the transaction, ction. 12 Supplies of $2 were counted on December 31, 2018. Record the transaction. 13 Depreciation for 2018, $3. Record the transaction. 14 Accrued interest of $i on notes payable. Record the transaction 15 Salaries and wages incurred not yet paid or recorded $4. Record the transaction 16 Income tax expense for 2018 was s3 and will be paid in 2019. Record the transaction, rectly report net income for the period. Then record the closing ent saction/event, select "No journal entry required" in the first accou iew transaction list THIS 13 Depreciation for 2018, $3. Record the transaction. 14 Accrued interest of $1 on notes payable. Record the transaction. 15 Salaries and wages incurred not yet paid or recorded, $4. Record the transaction. 16 Income tax expense for 2018 was $3 and will be paid in 2019. Record the transaction. 17 Record entry to close revenue and expense accounts to retained earnings. Combine the closing of revenue and expenses into one entry