PLEASE HELP COMPLETE THE INCOME STATEMENT FOR THE UNADJUSTED, ADJUSTED, & POST-CLOSING ACCOUNTSTHANK YOU! ...
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PLEASE HELP COMPLETE THE INCOME STATEMENT FOR THE UNADJUSTED, ADJUSTED, & POST-CLOSING ACCOUNTS
THANK YOU!
Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2020. The annual reporting period ends December 31 . The triat balance on Janiary 12021 , was as follows fthe ameunts are rounded to thousands of dollars to simpily): Transactions during 2021 (summarised in thousands of dollan) follow: a Doerowed 521 cash on July 1,202t signing a six-month note poyable. b. Purchased equipment for 524 cash on July 2,2021 c. Issued addikional shares of common stock for \$4 on July 3 . d. Purchased software on July 4, $4 cash. e. Purchased supples on July 5 on account for future use, $6. e. Purchased supples on July 5 on account for future use, $6. a. Recognized salaries and wapes expense on Deceinber 7 of 529 ; pald in cash: h. Collected accounts recrivable on December 8, 52 . CPald bccounts payable on December 9.38. 1. Received o \&4 cash depost on December to from a hospital for a contract to start Jahuary 5, 2022 Date for adjusting journal entries on December 3t k. Amartization for 2021,51 . I Supplies of $4 were counted on Decenber 3t, 2021 m. Depreciation for 2021, $2. n. Accrued interest of $1 on notes payable. a Salaries and wages incurred but not yet paid or recorded, $4. A. Income tax expense for 2021 was 55 and wat be paid in 2022 . (Enter all of your answers in thousands of dollars, 0.e, 5100,000 should be entered as 5100 ), then poputats the balances in thase eccuunts frum the trai halance
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