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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 physical
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:
Recorded tranactions in the screenshot below
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.
g 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
Prepare an unadjusted trial balance. Enter your answers in
thousands of dollars.
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