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Required information [The following information applies to the questions disployed below.] Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called

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Required information [The following information applies to the questions disployed 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 fthe amounts are rounded to thousands of dollars to simplifyl: Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed 523 cash on July 1, 2021, signing a six month note peyable. b. Purchased equipment for 526 cosh on July 2,2021 . c. Issued additional shares of common stock for $6 on July 3. d. Purchased software on July 4, $2 cash. e. Purchased supplies on July 5 on account for future use, 58. f Recorded revenues on December 6 of $57, including $9 on credir and $48 recelved in cash. 9. Recognized salaries and wapes expense on December 7 of 531 , paid in cash. h. Colincted accounts recelvabie on December 8,58 . L. Paid occounts payable on December 9.59. f. Received a 52 cash deposit on December 10 trom a hospital for a contract to start January 5,2022 . Date for adjunting joumal entries on December 32 : k. Amortiation for 2021, 52 . 1. Supplies of 52 were counted on Deceunber 3t, 202t. Complete this question by entering your answers in the tabs below. Trepare an income statement. (Enter your answers in thousands of dollars.) Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings. (Enter your answers in thousands of dollars.) 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.) Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits

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