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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

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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): Transactions during 2018 (summarized in thousands of dollars) follow: a. Borrowed $30 cash on July 1 , 2018, signing a six-month note payable. b. Purchased equipment for $33 cash on July 2,2018 . c. Issued additional shares of common stock for $4 on July 3. d. Purchased software on July 4,$4 cash. e. Purchased supplies on July 5 on account for future use, $6. f. Recorded revenues on December 6 of $65, including $10 on credit and $55 received in cash. g. Recognized salaries and wages expense on December 7 of $38; paid in cash. h. Collected accounts receivable on December 8,$7. 1. Paid accounts payable on December 9,$8. j. Received a $4 cash deposit on December 10 from a hospital for a contract to start January 5,2019. 2. Record journal entries for transactions (a) through (j). (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.) 1 Record the borrowing $30 cash on July 1, 2018, signing a six-month note payable. 2 Record the purchase of equipment for $33 cash on July 1 , 2018. 3 Record the issuance of additional shares of common stock for $4. 4 Record the purchase of software, $4 cash. 5 Record the purchase of supplies account for future use, $6. 6 Record the entry for revenues for 2018 of $65, including $10 nn rrealit and $55 rereived in rach 2. Record journal entries for transactions (a) through (i). (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.) 5 Record the purchase of supplies account for future use, $6. 6 Record the entry for revenues for 2018 of $65, including $10 on credit and $55 received in cash. 7 Record salaries and wages expense for 2018 of $38, paid in cash. 8 Record the collection of accounts receivable, $7. 9 Record the payment of accounts payable, $8. 10 Record the receipt of $4 cash deposit from a hospital for a contract to start January 5,2019. Note : = journal entry has been entered

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