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What is the Post Closing Trail Balance Required information The following information applies to the questions displayed below] Drs. Glenn Feltham and David Ambrose began

What is the Post Closing Trail Balance
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Required information The following information applies to the questions displayed below] Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northiand Plyysical Therapy, on January 1,2017. The annual reporting period ends December 31 . The trial baiance on fanuary 1, 2018, was as follows the amounts bre rounded to thousands of dolfarts to simplifyl Transactions during 2018 (summarized in thousands of dollars) follow. a Borrowed $32 cash on July 1,2018 , signing a six-month note payable b. Purchased equipment for $35 cash on July 2,2018 c. Issued additional shares of common stock for $6 on July 3 d. Purchased software on July 4,$2 cash. e. Purchased supplies on July 5 on account for future use, $8. f. Recorded revenues on December 6 of $66. includina $9 on credit and $57 recelved in cash. Transactions during 2018 (summarized in thousands of dollars) follow: a. Borroyved $32 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $35 cash on July 2, 2018. c. Issued additional shares of common stock for $6 on July 3. d. Purchased software on July 4, \$2 cash. e. Purchased supplies on July 5 on account for future use, $8 f Recorded revenues on December 6 of $66, including $9 on credit and $57 received in cash. g. Recognized salaries and wages expense on December 7 of $40, paid in cash. h. Collected accounts recelvable on December 8,$8. 1 Paid accounts payable on December 9,$9 J Recelved a \$2 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. Data for adjusting journal entries on December 31: k. Amortization for 2018,$1. 1. Supplies of $2 were counted on December 31, 2018. m. Depreciation for 2018, \$3. n Accrued interest of $1 on notes payable. 0 . Salaries and wages incurred but not yet paid or recorded, $4. p. Income tax expense for 2018 was \$3 and will be paid in 2019. the closing entry from requirement 7 and prepare a post-closing trial balance. (Enter your answers in thousands of de Prev

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