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Drs. Glenn Feltham ond David Ambeose began operations of their physical therapy clenic, calied Narthiland Piryuical Therapy, on January 1,2020. The anhual reporting period ends
Drs. Glenn Feltham ond David Ambeose began operations of their physical therapy clenic, calied Narthiland Piryuical Therapy, on January 1,2020. The anhual reporting period ends December 31 , The tial balance on January t, 202t, was as followe (tha amounts are rounded to thousands of doliars to simplifyl: Transactions during 2021 (summarized in thousands of dollarsf follow: a Borrowed 532 cash on July t, 2021, signing a six-month note payable. b. Purchased equipment for $35 cash on duly 2, 2021. c issued additional shares of common stock for $5 on July 3. d. Puechased software on July 4,$2 cash. e. Purchased supplies on July 5 on account for future use, $8 t Pecorded revenues on December 6 of $66, induding $9 on credit and $57 recelved hn cash. 9. Pecognized salaries and woges expenset on Decomber 7 of $40. psid in cash. h. Collected accounts receivabie on December A. 58 . I. Pald accounts payabie on December 9,59. F Recewed a $2 cash deposit on December 10 from a haspital for a contect to skart January 5,2022 Dsta for edjunding joumal eatries on December 31 . * Amocization for 2021, 51 . isupples of $2 were counted on December 34, 2021 . m. Oepreciation for 2021,53. a Acched interest of 51 i on notes pyyatie. a Salsnes and weges incumed but notyet paid or recorded, 54 p incotre tis expense for 2021 was $3 and wal be pold in 2022 . Required: 2. Hrepare a post-ciosing tral bilance. (Enter your answers in thousands of dellars.)
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