T Accounts.

Required information [The following information applies to the questions displayed below] Alison and Chuck Renny began operations of their fumiture repair shop (Lazy Sofa Fumlture, Incorporated) on January 1. 2020. The annuab reporting petiod ends. December 31. The trial balance on Janudry 1, 2021, follows lanounts are rounded to thousands of dollars to simplify) Transactions during 2021 (summarized in thousands of dollais) follow. a. Borrowed $25 cash on July 1, 2021, signing a socmanth note payable b. Purchased equipment for 522 cash on July 2 . c. Issued additional shares of common stock on July 3 for $4 d Purchased additional cquipment on August 4, 54 cash. e. Purchased, on account, supplies on September 5 for future use, $9 f On December 6 , recorded reventues in the amount of $68, including $8 on credin and $60 received in cash. 9. Paid salaries and wages expenses on December 7.539 h. Colected accounts recelvable on December 8,$7. i. Paid accounts payable on December 9,510 I Recelved a $4 deposit on December 10 for work to start Jonvary 15,2022. Data for adisting journal entries on December 31 . k. Amortization for 2021, 54 1. Supplies of 55 were counted on December 31, 2021. m. Depreciation for 2021 \$1 n Accrued interest on notes payable of $1. o. Salaries and wages eamed but not yet paid, 52 p Income tax for 2021 was $3 and will be paid in 2022 Required: Toccounts. Enter beqiinning balances and post joumal entries from Part 2 , the adjunting journal entties from Part 4 , and the closing entry from Part 7 (Enter your onswers in thousends of dollars.) Required: T occountw: Enter beginning balances and post journal entries from Part 2, the adjusting journai entries from Part 4, and the closin entry from Part 7. (Enter your onswers in thousonds of dollars.)