ng C4-4 From Recording Transactions (Including Adjusting Journal Entries) to Prepari Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furni Inc.) on January 1, 2014. The annual reporting period ends January 1, 2015, follows (amounts are rounded to thousands of dollars to simplify). Debit Credit Account Titles Cash Accounts Receivable Supplies S 5 6 uipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Unearned Revenue S 0 12 0 0 15 4 Service Revenue 0 0 Amortization Expense Interest Expense Income Tax Expense 0 Totals Transactions during 2015 (summarized in thousands of dollars) follow: 1. Borrowed S21 cash on July 1,2015, signing a six-month note payable. 2. Purchased equipment for $18 cash on July 2 3. Issued additional shares of common stock on July 3 for $5