Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows (the amounts are rounded to thousands of dollars to simplify):

Account Titles	Debit			Credit
Cash	$	7
Accounts Receivable		3
Supplies		3
Equipment		8
Accumulated Depreciation				$	2
Software		6
Accumulated Amortization					2
Accounts Payable					5
Notes Payable (short-term)					0
Salaries and Wages Payable					0
Interest Payable					0
Income Taxes Payable					0
Deferred Revenue					0
Common Stock					15
Retained Earnings					3
Service Revenue					0
Depreciation Expense		0
Amortization Expense		0
Salaries and Wages Expense		0
Supplies Expense		0
Interest Expense		0
Income Tax Expense		0
Totals	$	27		$	27

Transactions during 2018 (summarized in thousands of dollars) follow:

1. Borrowed $20 cash on July 1, 2018, signing a six-month note payable.
2. Purchased equipment for $23 cash on July 2, 2018.
3. Issued additional shares of common stock for $5 on July 3.
4. Purchased software on July 4, $3 cash.
5. Purchased supplies on July 5 on account for future use, $7.
6. Recorded revenues on December 6 of $53, including $8 on credit and $45 received in cash.
7. Recognized salaries and wages expense on December 7 of $28; paid in cash.
8. Collected accounts receivable on December 8, $9.
9. Paid accounts payable on December 9, $10.
10. Received a $3 cash deposit on December 10 from a hospital for a contract to start January 5, 2019.

Data for adjusting journal entries on December 31:

11. Amortization for 2018, $2.
12. Supplies of $3 were counted on December 31, 2018.
13. Depreciation for 2018, $4.
14. Accrued interest of $1 on notes payable.
15. Salaries and wages incurred but not yet paid or recorded, $4.
16. Income tax expense for 2018 was $4 and will be paid in 2019.

(Answers filled in may not be correct)

Beg. Bal. Accounts Receivable Beg. Bal. if) 819h) Ia) lic) 23 lb) 2030 28 lig) 45 910 9 End. Bal. 21 Ich) End. Bal. 26 Supplies Equipment Beg. Bal. Beg Bal. b) 70 23 End. Bal End, Bal 31 Accumulated Depreciation Software Beg. Bal 2 Beg. Bal 6 4mfo3 6 End. Bal. Accumulated Amortization Beg. Bal. 2 2 k) Bea. Bal 10 Accounts Payable 51 1 0110 End. Bal. 4 End. Bal. 2 Notes Payable Beg. Bal. Salaries and Wages Payable Beg Bal. 410) 2011a) End. Bal. 20 End. Bal. Interest Payable 0 1 ) Income Taxes Payable Beg. Bal. Beg, Bal. D End. Bal. End. Bal. Common Stock Beg. Bal. Deferred Revenue 0 30 Beg. Bal. End. Bal. 3 En Retained Earnings 3 10 CET Service Revenue Beg. Ball Beg Bal. End. Bal. 13 End. Bal. O Depreciation Expense Beg Bal Amortization Expense Beg. Bal. End. Balo End. Bal. Supplies Expense Salaries and Wages Expense Beg, Bal. Beg. Bal. End. Bal. End. Balo Interest Expense Income Tax Expense Beg. Bal. Beg. Bal. End. Bal. 1 End. Bal. NORTHLAND PHYSICAL THERAPY Unadjusted Trial Balance Credit in thousands) Account Titles Debit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable INotes Pavable (Short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Common Stock IRetained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Amortization Expense Interest Expense Income Tax Expense Totals 4. Record the adjusting journal entries through lif 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