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 :
k Unrecorded amortization for the year on software, $
I. Supplies counted on December $
m Depreciation for the year on the equipment, $
n Interest of $ to accrue on notes payable.
Salaries and wages earned but not yet paid or recorded, $
p Income tax for the year was $ It will be paid in