Prepare the journal entries to record transactions $($a$)$ through $($j$).$ Then prepare the necessary adjusting entries $($k$)$ through $($p$)$ to correctly report net income for the period. Then record the closing entry as of December $31.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$Transactions and events during $2021($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $$12$ cash on March $1$ using a short$-$term note.

b$.$ Purchased land on March $2$ for future building site; paid cash, $$9.$

c$.$ Issued additional shares of common stock on April $3$ for $$23.$

d$.$ Purchased software on July $4,$ $$10$ cash.

e$.$ Received supplies on account on October $5$ for future use, $$18.$

$f.$ Paid accounts payable on November $6,$$$13.$

g$.$ Signed a $$25$ service contract on November $7$ to start February $1,2022.$

h$.$ Recorded revenues of $$160$ on December $8,$ including $$40$ on credit and $$120$ collected in cash.

i$.$ Recognized salaries and wages expense on December $9,$$$85$ paid in cash.

j$.$ Collected accounts receivable on December $10,$$$24.$

Data for adjusting journal entries as of December $31$:

k$.$ Unrecorded amortization for the year on software, $$5.$

I. Supplies counted on December $31,2021,$$$10.$

$m.$ Depreciation for the year on the equipment, $$6.$

n$.$ Interest of $$1$ to accrue on notes payable.

$0.$ Salaries and wages earned but not yet paid or recorded, $$12.$

p$.$ Income tax for the year was $$8.$ It will be paid in $2022.$

$($Enter all of your answers in thousands of dollars. $($i$.$e$.,$ $$100,000$ should be entered as $$100)).$