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): Credit Debit $ 7 3 3 2 2 2 Account Tities 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 0 0 2 0 0 0 0 0 0 a. Borrowed $14 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $17 cash on July 2, 2018. c. Issued additional shares of common stock for $5 on July 3. d. Purchased software on July 4, $3 cash. e. Purchased supplies on July 5 on account for future use. $7. f. Recorded revenues on December 6 of $47, including $8 on credit and $39 received in cash. g. Recognized salaries and wages expense on December 7 of $22; paid in cash. h. Collected accounts receivable on December 8, $9. 1. Paid accounts payable on December 9, $10. J. Received a $3 cash deposit on December 10 from a hospital for a contract to start panuary 5, 2019. Data for adjusting journal entries on December 31: k. Amortization for 2018, $2. 1. Supplies of $3 were counted on December 31, 2018. m. Depreciation for 2018, $4. 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 $4 and will be paid in 2019. (Enter all of your answers in thousands of dollars. (l.e., $100,000 should be entered as $100).) Journal entry worksheet 1 2 3 4 5 6 78 ..... 17 Borrowed $14 cash on July 1, 2018, signing a six-month note payable. Record the transaction. Note: Enter debits before credits. Date Jul 01, 2018 General Journal Debit Credit Record entry Clear entry View general journal Cash Accounts Receivable No. Debit Credit Balance No. Date Jan 01, 2018 Debit Credit Date Jan 01, 2018 Balance 3 Supplies Debit Equipment No. Date Jan 01, 2018 Credit No. Debit Credit Balance 3 Balance Date Jan 01, 2018 7 Software No. Accumulated Depreciation-Equipment Date Debit Credit Jan 01, 2018 Balance No. Debit Credit Balance Date Jan 01, 2018 6 Accounts Payable No. Accumulated Amortization Date Debit Credit Jan 01, 2018 Balance No. Debit Credit Date Jan 01, 2018 Balance 5 Common Stock Debit Credit No. Date Jan 01, 2018 Retained Earings Debit Credit No. Balance 15 Date Jan 01, 2018 Balance