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Jessica Shannon and Kelvin Ali began operations of their physical therapy clinic, called Northland Physical Therapy, on January $1,2023.$ The annual reporting period ends December $31.$ The trial balance on January $1,2024,$ was as follows $($the amounts are rounded to thousands of dollars to simplify$)$:

$\backslash$table$[[$Account Titles,Debit,Credit$],[$Cash$,$$ $7,],[$Accounts Receivable,$3,],[$Supplies$,3,],[$Equipment$,8,],[$Accumulated Depreciation,,$ $1],[$Software$,5,],[$Accumulated Amortization,,$1],[$Accounts Payable,,$5],[$Notes Payable $($short$-$term$),,0],[$Salaries and Wages Payable,,$0],[$Interest Payable,,$0],[$Income Taxes Payable,,$0],[$Deferred Revenue,,$0],[$Common Stock,,$15],[$Retained Earnings,,$4],[$Service Revenue,,$0],[$Depreciation Expense,$0,],[$Amortization Expense,$0,],[$Salaries and Wages Expense,$0,],[$Supplies Expense,$0,],[$Interest Expense,$0,],[$Income Tax Expense,$0,],[$Totals$,$$ $26,$$ $26]]$

Transactions during $2024($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $$22$ cash on July $1,$ signing a six$-$month note payable.

b$.$ Purchased equipment for $$25$ cash on July $2.$

c$.$ Issued additional shares of common stock for $$5$ on July $3.$

d$.$ Purchased software on July $4,$$$3$ cash.

e$.$ Received supplies on July $5$ on account for future use, $$7.$

f$.$ Recorded revenues on December $6$ of $$55,$ including $$8$ on credit and $$47$ received in cash.

g$.$ Recognized salaries and wages expense on December $7$ of $$30$; paid in cash.

h$.$ Collected accounts receivable on December $8,$$$9.$

i$.$ Paid accounts payable on December $9,$$$10.$

j$.$ Received a $$3$ cash deposit on December $10$ from a hospital for a contract to start January $5,2025.$

Data for adjusting journal entries on December $31$:

k$.$ Amortization for $2024,$$$1.$

I. Supplies of $$3$ were counted on December $31,2024.$

m$.$ Depreciation for $2024,$ $$4.$

n$.$ Interest of $$1$ on notes payable is yet to be recorded.

o$.$ Salaries and wages incurred but not yet paid or recorded, $$3.$

p$.$ Income tax expense for $2024$ was determined to be $$4$ and will be paid in $2025.$