[The following information applies to the questions displayed below.] Drs. Glenn Feltham and Gary Entwistle began operations of their physical therapy clinic called Northland Physical Therapy on January 1, 2014. The annual reporting period ends December 31. The trial balance on January 1, 2015, was as follows the amounts are rounded to thousands of dollars to simplify): Debit Credit 00 + 700 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Service Revenue Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense NOOOOOOO OOOOO Totals $29 $29 Transactions during 2015 (summarized in thousands of dollars) follow: 1. Borrowed $30 cash on July 1, 2015, signing a six-month note payable. 2. Purchased equipment for $33 cash on July 1, 2015. 3. Issued additional shares of common stock for $4. 4. Earned revenues for 2015 of $65, including $10 on credit and $55 received in cash. 5. Recognized salaries and wages expense for 2015 of $38; paid in cash. 6. Purchased software, $4 cash. 7. Collected accounts receivable, $7. 8. Purchased supplies on account for future use, $6. 9. Paid accounts payable, $8. 10. Received a $4 cash deposit from a hospital for a contract to start January 5, 2016. Data for adjusting journal entries: 11. Amortization for 2015, $2. 12. Supplies of $4 were counted on December 31, 2015. 13. Depreciation for 2015, $2. 14. Accrued interest of $1 on notes payable. 15. Salaries and wages incurred not yet paid or recorded, $2. 16. Income tax expense for 2015 was $5 and will be paid in 2016. Interest Payable Beg. Bal. Income Taxes Payable Beg. Bal. 4 16. 1 14. End. Bal. End. Bal. Common Stock Unearned Revenue Beg. Bal. 3 10. Beg. Bal. 15 53 End. Bal. End. Bal. 20 Retained Earnings Service Revenue Beg. Bal. 01 Beg. Bal. CE1 CE1 61 4. End. Bal. End. Bal. 61 Income Tax Expense Beg. Bal. 4 CE1 Amortization Expense Beg. Bal. * 2 CE1 16. 11. 27 End. Bal. End. Bal. Interest Expense Beg. Bal. 14. Depreciation Expense Beg. Bal. 0 4 CE1 11 CE1 13. End. Bal. 0 End. Bal. 0 Supplies Expense 0 Salaries and Wages Expenses Beg. Bal. 36 39 CE1 15. Beg. Bal. 12. 7 CE1 End. Bal. L o End. Bal. 8. 3, 5 and Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions 1-10, adjusting entries 11-16, and closing entry. (Enter your answers in thousands of dollars.) Cash Beg. Bal. Accounts Receivable Beg. Bal. 97. 28 51 31 2. 36 5. 316. 1019. 53 9 End. Bal. 2 10. 31 End. Bal. 25 Supplies Beg. Bal. Beg. Bal. Equipment 10 | 31 2 7 12. End. Bal. End. Bal. Software Accumulated Depreciation Beg. Bal. 4 13. Beg. Bal. 16. End. Bal. 6 End. Bal. 9 Accounts Payable Accumulated Amortization Beg. Bal. 2 11. Beg. Bal. 10 78. End. Bal. End. Bal. 2 Beg. Bal. Notes Payable 0 28 1. Salaries and Wages Payable Beg. Bal. 315. End. Bal. 28 End. Bal. 3 Interest Payable Beg. Bal. 01 Income Taxes Payable Beg. Bal. 4 16. 1 14. End. Bal. 1 | End. Bal. 4 Unearned Revenue Common Stock Beg. Bal. 0 Beg. Bal. 15 3 10. 53. End. Bal. 31 End. Bal. I 20 Retained Earnings Beg. Bal. Beg. Bal. CE1 Service Revenue 0 61 4. CE1 End. Bal. 5 End. Bal. 61 Income Tax Expense Beg. Bal. 4 CE1 Amortization Expense Beg. Bal. 11. 2 2CE1 0 16. End. Bal. End. Bal. 0