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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 (Lazy 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 (Lazy 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 dollars) follow: a. Borrowed $24 cash on July 1, 2021, signing a six-month note payable. hurchased eouipment for $21 cash on July 2 . a. Borrowed $24 cash on July 1, 2021, signing a six-month note payable. b. Purchased equipment for $21 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. Purchased, on account, supplies on September 5 for future use, $10. f. On December 6 , recorded revenues in the amount of $68, including $9 on credit and $59 received in cash g. Paid salaries and wages expenses on December 7,$38. h. Collected accounts receivable on December 8,$8. i. Paid accounts payable on December 9,$11 j. Received a $2 deposit on December 10 for work to start January 15, 2022. Data for adjusting journal entries on December 31: k. Amortization for 2021,$2. 1. 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. Required: 8. Prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) Required information

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