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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, callod Northiand Physical Therapy, on January 1, 2020. The annual reporting poriod ends December 31. The trial baiance on January 1, 2021, was as follows fthe amounts are rounded to thousends of doliars to simplify). Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed 523 cash on July 1, 2021, signing a six-month note peyable. b. Purchosed equipment for 526 cash on July 2, 2021. c. Issued additional shares of common stock for $6 on July 3. d. Purchased software on July 4,$2 cash. e. Purchased supples on July 5 on account for future use, $8. t. Pecorded revenues on December 6 of $57, including $9 on credit and $48 recelved in cash. 9. Recognized salaries and wages expense on December 7 of $31 pald in cash. . Collected accounts receivable on December 8. $8. 1. Paid eccounts payable on December 9,$9. 1. Recelved a 52 cash deposit on December 10 from a hespital for a contract to start Januay 5. 2022. Data for adjusting joumal entries on December 3t : k. Amortization for 2021, \$2. 6. Supplies of $2 were counted on December 31, 2021 . m. Depreciation for 2021, 33. A. Accrued interest of $1 on notes payable. a. Solaries and wages incurred but not yet paid or recorded, $4. p. Income tax expense for 2021 was $3 and will be paid in 2022 . Required: T eccounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the closing entry from Part 7 , (Enter your answers in thousands of dollars.) 70Requiredinformation Part 7 of 9

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