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$[$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 $1,$

The annual reporting period ends December $31.$ The trial balance on January $1,2021,$ follows $($amounts are rounded

to thousands of dollars to simplify$).$

Transactions during $2021($summarized in thousands of dollars$)$ follow:

a$.$ 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$.$ Received supplies on account on 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.

g$.$ 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.$

j$.$ Received a $$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.$

I. 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 paid, $$3.$

p$.$ Income tax for $2021$ was $$4$ and will be paid in $2022.$