Required Information C4-4 (Static) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2.3 and 4) (LO 2-3. LO 3-3. LO 4-1, LO 4-2 LO 4-3. LO 4.4. LO 4-5, LO 4-6] [The following information applies to the questions displayed below] Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture. Incorporated on January 1, 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (emounts are rounded to thousands of dollars to simplify). Debit Credit $ 5 2 12 3 7 e Account Titles Cash Accounts Receivable 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 larnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortization Expense Interest Expense Income Tax Expense Totals @ @ e 15 4 @ e e e e e $ 29 $ 29 Transactions during 2021 (summarized in thousands of dollars) follow. 9. Borrowed $21 cash on July 1, 2021, signing a six-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 additional 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 received in cash. 9. Paid salaries and wages expenses on December 7. $35. h. Collected accounts receivable on December 8. $8. i. Paid accounts payable on December 9, $11. Received $3 deposit on December 10 for work to start January 15, 2022 Data for adjusting journal entries on December 31: k. Amortization for 2021, $3. 1 Supplies of $4 were counted on December 31, 2021. m. Depreciation for 2021, $2. n. Accrued interest on notes payable of $1. o. Salaries and wages earned but not yet poid, $3. p. Income tax for 2021 wes $4 and will be paid in 2022. 04-4 (Static) Part 3 3. Prepare an unsdjusted trial balance. (Enter your answers in thousands of dollars.) LAZY SOFA FURNITURE, INCORPORATED Unadjusted Trial Balance At December 31, 2021 [in thousands) Account Tities Debit Credit