Account titles Debit credit Cash $ Account Receivable supplies equipment $ accumulated depreciationequipment other assets acounts payable notes payable wages payable income tax payable deffered revenue contributed capital retained earnings dividends declared service revenue depreciation expense income tax expense interest expense operating expenses totals $ $ Drs Elaine Newton and Alicia Donland began operation of their physical therapy clinic called Northward Physical Therapy, on January The annual reporting period ends December A trial balance was created with amounts rounded to the nearest thousand dollars. The trial balance on January was as follows: a Borrowed $ cash only july signing a sixmonth note payable b purchased equipment for $ cash on july c Issued additional shares for $ d earned revenues for of $ including $ on credit and $ received in cash e recognized operating expenses for $ of $ including $ on credit and $ in cash f purchased other assets $ cash g collected accounts receivable, $ h paid accounts payable, $ i purchased supplies on account for future use, $ j purchased a $ deposit from a hospital for a contract to start January k declared and paid a cash dividend, $ l supplies of $ were counted on Decemeber m depreciation for $ n accrued interest on notes payable of $ o wages incurred since the december payroll not yet paid,$ p income tax expense for was $ and will be paid in Record journal entries for transactions a through k Prepare Taccounts that show opening balances and post transactions a through k to the Taccounts Prepare an unadjusted trial balance Record adjusting journal entries l through p Prepare an adjusted trial balance Prepare an income statement Prepare a statement of retained earnings and a balance sheet
