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Transactions and events during 2 0 2 1 ( summarized in thousands of dollars ) follow: a . Borrowed $ 1 2 cash on March
Transactions and events during summarized in thousands of dollars follow: a Borrowed $ cash on March using a shortterm note. b Purchased land on March for future building site; paid cash, $ c Issued additional shares of common stock on April for $ d Purchased software on July $ cash. e Received supplies on account on October for future use, $ f Paid accounts payable on November $ g Signed a $ service contract on November to start February h Recorded revenues of $ on December including $ on credit and $ collected in cash. i Recognized salaries and wages expense on December $ paid in cash. j Collected accounts receivable on December $ Data for adjusting journal entries as of December : Unrecorded amortization for the year on software, $ I. Supplies counted on December $ Depreciation for the year on the equipment, $ Interest of $ to accrue on notes payable. o Salaries and wages earned but not yet paid or recorded, $ Income tax for the year was $ It will be paid in a Prepare an income statement. b Prepare the statement of retained earnings. c Prepare the balance sheet.
Transactions and events during summarized in thousands of dollars follow:
a Borrowed $ cash on March using a shortterm note.
b Purchased land on March for future building site; paid cash, $
c Issued additional shares of common stock on April for $
d Purchased software on July $ cash.
e Received supplies on account on October for future use, $
f Paid accounts payable on November $
g Signed a $ service contract on November to start February
h Recorded revenues of $ on December including $ on credit and $ collected in cash.
i Recognized salaries and wages expense on December $ paid in cash.
j Collected accounts receivable on December $
Data for adjusting journal entries as of December :
Unrecorded amortization for the year on software, $
I. Supplies counted on December $
Depreciation for the year on the equipment, $
Interest of $ to accrue on notes payable.
o Salaries and wages earned but not yet paid or recorded, $
Income tax for the year was $ It will be paid in
a Prepare an income statement.
b Prepare the statement of retained earnings.
c Prepare the balance sheet.
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