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: Debit Cr NNO 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 3330 Salaries and wages Expense Supplies Expense Interest Expense Income Tax Expense Transactions during 2018 (summarized in thousands of dollars) follow a Borrowed $23 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $26 cash on July 22018 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. Recorded revenues on December 6 of $57, including $9 on credit and $48 received in cash a. Recognized salaries and wages expense on December 7 of $31. pald In cash. h Collected accounts receivable on December 8, S8. 1. Pald accounts payable on December 9. $9. J. Received a S2 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. $2 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 pald or recorded, S4 p. Income tax expense for 2018 was $3 and will be paid in 2019. m o tion event islegt "No Journal Entry Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits. Transaction General Journal Debit Credit