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Transactions and events during 2 0 2 1 ( summarized in thousands of dollars ) follow: 3 . Borrowed $ 1 1 cash on March

Transactions and events during 2021(summarized in thousands of dollars) follow:3.
Borrowed $11 cash on March 1 using a short-term note.b. Purchased land on March 2 for future building site; paid cash, $8.c. Issued additional shares of common stock on April 3 for $30.d. Purchased software on July 4, $11 cash.e. Received supplies on account on October 5 for future use, $19.f. Paid accounts payable on November 6, $12.g. Signed a $20 service contract on November 7 to start February 1,2022.h. Recorded revenues of $148 on December 8, including $34 on credit and $114 collected in cash.i. Recognized salaries and wages expense on December 9, $79 paid in cash.j. Collected accounts receivable on December 10, $18.Data for adjusting journal entries as of December 31:k. Unrecorded amortization for the year on software, $6.1. Supplies counted on December 31,2021, $12.m. Depreciation for the year on the equipment, $5.n. Interest of $1 to accrue on notes payable.o. Salaries and wages earned but not yet paid or recorded, $11.o. Income tax for the year was $7. It will be paid in 2022.C4-2(Algo) Part 6Required:6-a. Prepare an income statement.6-b. Prepare the statement of retained earnings.6-c.
Prepare the balance sheet.

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