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Income Tax Expense Interest Expense begin{tabular}{|l|l|l|l|} hline multicolumn{2}{|c|}{ Debit } & & hline & & & hline & & & hline &
Income Tax Expense Interest Expense \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Debit } & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Supplies Expenses } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Amortization Expense } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular} to thousands of dollars to simplify). Transactions during 2021 (summarlzed In thousands of dollars) follow: a. Borrowed $21 cash on July 1, 2021, slgning a slx-month note payable. b. Purchased equipment for $18 cash on July 2 . c. Issued additional shares of common stock on July 3 for $5. d. Purchased addlitional equipment on August 4,$3 cash. e. Purchased, on account, supplies on September 5 for future use, $10. f On December 6 , recorded revenues in the amount of $65, Including $9 on credit and $56 recelved in cash. g. Paid salarles and wages expenses on December 7, $35. h. Collected accounts recelvable on December 8,$8. l. Paid accounts payable on December 9,$11. J. Recelved a $3 deposit on December 10 for work to start January 15, 2022. Data for adjusting Journal entrles on December 31: k. Amortization for 2021, $3. 1. Supplies of $4 were counted on December 31, 2021. m. Depreclation for 2021,$2 n. Accrued Interest on notes payable of $1. o. Salarles and wages earned but not yet pald, $3. p. Income tax for 2021 was $4 and will be pald in 2022 T accounts. Enter beginning balances and post journal entrles from Part 2, the adjusting Journal entrles from Part 4, and the closing entry from Part 7. (Enter your answers in thousands of dollars.) Income Tax Expense Interest Expense \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Debit } & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Supplies Expenses } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Amortization Expense } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular} to thousands of dollars to simplify). Transactions during 2021 (summarlzed In thousands of dollars) follow: a. Borrowed $21 cash on July 1, 2021, slgning a slx-month note payable. b. Purchased equipment for $18 cash on July 2 . c. Issued additional shares of common stock on July 3 for $5. d. Purchased addlitional equipment on August 4,$3 cash. e. Purchased, on account, supplies on September 5 for future use, $10. f On December 6 , recorded revenues in the amount of $65, Including $9 on credit and $56 recelved in cash. g. Paid salarles and wages expenses on December 7, $35. h. Collected accounts recelvable on December 8,$8. l. Paid accounts payable on December 9,$11. J. Recelved a $3 deposit on December 10 for work to start January 15, 2022. Data for adjusting Journal entrles on December 31: k. Amortization for 2021, $3. 1. Supplies of $4 were counted on December 31, 2021. m. Depreclation for 2021,$2 n. Accrued Interest on notes payable of $1. o. Salarles and wages earned but not yet pald, $3. p. Income tax for 2021 was $4 and will be pald in 2022 T accounts. Enter beginning balances and post journal entrles from Part 2, the adjusting Journal entrles from Part 4, and the closing entry from Part 7. (Enter your answers in thousands of dollars.)
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