Part 4 of 9 26 points 02:17:37 Required: 5. Prepare an adjusted trial balance. (Enter your answers in thousands of dollars.) LAZY SOFA FURNITURE, INCORPORATED Adjusted Trial Balance (in thousands) Account Titles Cash Debit Credit eBook Accounts Receivable Print O References Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Supplies Expenses Salaries and Wages Expenses Depreciation Expense Amortization Expense Interest Expense Income Tax Expense Totals $ 0 E Allson and Chuck Kenny began operauons of their furniture repair shop (Lazy Soia rumiture, incorporated) on January 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (amounts are rounded to thousands of dollars to simplify) Account Titles Cash Debit $5 Credit Accounts Receivable 4 Supplies 3 Equipment 6 Accumulated Depreciation 50 Software 12 Accumulated Amortization 6 Accounts Payable 7 Notes Payable (short-term) 0 Salaries and wages Payable e e Interest Payable Income Tax Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortization Expense Interest Expense Income Tax Expense Totals. 0 e 15 0 $ 30 $30 W Transactions during 2021 (summarized in thousands of dollars) follow a. Borrowed $15 cash on July 1, 2021, signing a six-month note payable. b. Purchased equipment for $17 cash on July 2 c. Issued additional shares of common stock on July 3 for $4. d. Purchased additional equipment on August 4, $4 cash e. Received supplies on account on supplies on September 5 for future use, $9. 1 On December 6, recorded revenues in the amount of $58, including $8 on credit and $50 received in cash g. Paid salaries and wages expenses on December 7, $25. h. Collected accounts receivable on December 8, $7. Paid accounts payable on December 9, $10. Received a $6 deposit on December 10 for work to start January 15, 2022 Data for adjusting journal entries on December 31: k. Amortization for 2021, $6. / Supplies of $5 were counted on December 31, 2021. m. Depreciation for 2021, $1 n. Accrued interest on notes payable of $2 o. Salaries and wages earned but not yet paid, $2. p. Income tax for 2021 was $5 and will be paid in 2022. www Next >