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to thousands of dollars to simplify). Transactions during 2021 (summarlzed In thousands of dollars) follow: a. Borrowed $21 cash on July 1, 2021, slgning a

image text in transcribed to thousands of dollars to simplify). Transactions during 2021 (summarlzed In thousands of dollars) follow: a. Borrowed $21 cash on July 1, 2021, slgning a slx-month note payable. b. Purchased equipment for $18 cash on July 2 . c. Issued addituonal 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 $65, Including $9 on credit and $56 recelved in cash. g. Pald salarles and wages expenses on December 7, $35. h. Collected accounts recelvable on December 8,$8. 1. Paid accounts payable on December 9 , \$1. j. Recelved a $3 deposit on December 10 for work to start January 15,2022 Data for adjusting Journal entrles on December 31: k. Amortization for 2021,$3. L. Supplies of $4 were counted on December 31, 2021. m. Depreclation for 2021, $2 n. Accrued Interest on notes payable of \$1. 0 . Salarles and wages earned but not yet pald, $3. p. Income tax for 2021 was $4 and will be paid in 2022 6-a. Prepare an income statement. 6-b. Prepare statement of retalned earnings. 6-c. Prepare a balance sheet

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