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Required information [The following information applies to the questions displayed below] Alison and Chuck Renny began operations of their furniture repair shop (Lary Sofa Furniture,

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Required information [The following information applies to the questions displayed below] Alison and Chuck Renny began operations of their furniture repair shop (Lary Sofa Furniture, Incorporated) on January 1. 2020. 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 doliars) follow: Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed $17 cash on July 1, 2021, signing a six-month note payable. b. Purchased equipment for $22 cash on July 2. c. Issued additional shares of common stock on July 3 for $6. d. Purchased additional equipment on August 4, $2 cash. e. Received supplies on account on supplies on September 5 for future use, $8. f On December 6 , recorded revenues in the amount of $59, including $7 on credit and $52 received in cash. g. Paid salaries and wages expenses on December 7,$23. h. Collected accounts receivable on December 8,$9. i. Paid accounts payable on December 9,$12. f. Recelved a $6 deposit on December 10 for work to start January 15, 2022. Data for adjusting journal entries on December 31: k. Amortization for 2021, \$6. 1. Supplies of $6 were counted on December 31, 2021. m. Depreciation for 2021, $3. n. Accrued interest on notes payable of $3. 0 . Salaries and wages earned but not yet paid, $4. p. Income tax for 2021 was $5 and will be paid in 2022 . 1. Record 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 2021,$6. Record the adjusting entry. 2 Supplies of $6 were counted on December 31, 2021. Record the adjusting entry. 3 Depreciation for 2021,$3. Record the adjusting entry. 4 Accrued interest on notes payable of $3. Record the adjusting entry. 5 Wages earned but not yet paid, \$4. Record the adjusting entry. 6 Income tax for 2021 was $5 and will be paid in 2022 . Record the adjusting entry

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