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 1, 2020. The annual reporting period ends December 31 . The trial balance on January 1, 2021, was as follows (the amounts are rounded to thousands of dollars to simplify): Transactions during 2021 (summarized in thousands of dollars) follow: Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed $31 cash on July 1,2021 , signing a six-month note payable. b. Purchased equipment for $34 cash on July 2,2021 . c. Issued additional shares of common stock for $5 on July 3. d. Purchased software on July 4,$3 cash. e. Purchased supplies on July 5 on account for future use, $7. f. Recorded revenues on December 6 of $64, including $8 on credit and $56 recelved in cash. g. Recognized salaries and wages expense on December 7 of $39; paid in cash. h. Collected accounts recelvable on December 8,$9. 1. Paid accounts payable on December 9,$10. 1. Recelved a $3 cash deposit on December 10 from a hospital for a contract to start January 5,2022. Data for adjusting journal entries on December 31: k. Amortization for 2021, $3. 1. Supplies of $3 were counted on December 31,2021. m. Depreciation for 2021,$4. n. Accrued interest of $1 on notes payable. o. Salaries and wages incurred but not yet paid or recorded, $3. p. Income tax expense for 2021 was \$4 and will be paid in 2022. 4. Record the adjusting journal entries (k) through (p). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet 23456 Record the adjusting entry for amortization for 2021,$3. Note: Enter debits befare creqits. 4. Record the adjusting journal entries ( k ) through ( p ). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet 56 Record the adjusting entry for supplies counted on December 31,2021 for $3. Notes Enter debits before credits. 4. Record the adjusting journal entries (k) through (p). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet Record the adjusting entry for depreciation for 2021,$4. Note: Enter debits before credits. 4. Record the adjusting journal entries (k) through ( p ). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet \begin{tabular}{l|l|} \hline 1 & 6 \\ Record the adjusting entry for accured interest for $1 on notes payable. \end{tabular} Note: Enter debits before credits. 4. Record the adjusting Journal entries ( k ) through ( p ). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet 4 Record the adjusting entry for salaries and wages earned but not paid for $3. Note: Enter debits before credits. 4. Record the adjusting Journal entries (k) through (p). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet
