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! Required information [ The following information applies to the questions displayed below. ] Drs . Glenn Feltham and David Ambrose began operations of their
Required information
The following information applies to the questions displayed below.
Drs Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical
Therapy, on January The annual reporting period ends December The trial balance on January was as
follows the amounts are rounded to thousands of dollars to simplify:
The screenshot below depicts the recorded transactions
Transactions during summarized in thousands of dollars follow:
a Borrowed $ cash on July signing a sixmonth note payable.
b Purchased equipment for $ cash on July
c Issued additional shares of common stock for $ on July
d Purchased software on July $ cash.
e Purchased supplies on July on account for future use, $
Recorded revenues on December of $ including $ on credit and $ received in cash.
Recognized salaries and wages expense on December of $; paid in cash.
h Collected accounts receivable on December $
i Paid accounts payable on December $
j Received a $ cash deposit on December from a hospital for a contract to start January
Data for adjusting journal entries on December :
k Amortization for $
Supplies of $ were counted on December
Depreciation for $
n Accrued interest of $ on notes payable.
Salaries and wages incurred but not yet paid or recorded, $
p Income tax expense for was $ and will be paid in
Record the adjusting journal entries through If no entry is required for a transactionevent select No Journal Entry
Required" in the first account field. Enter your answers in thousands of dollars.
Record the adjusting entry for amortization for $
Record the adjusting entry for supplies counted on December for $
Record the adjusting entry for depreciation for $
Record the adjusting entry for accured interest for $ on notes payable.
Record the adjusting entry for salaries and wages earned but not paid for $
Record the adjusting entry for income tax expense for for $ that will be paid in
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