$120$ Capstone Project $($Manual Posti...

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a$.$ Borrowed $$18$ cash on July $1,2018,$ signing a six$-$month note payable.

b$.$ Purchased equipment for $$21$ cash on July $2,2018.$

c$.$ Issued additional shares of common stock for $$4$ on July $3.$

d$.$ Purchased software on Julks $$4$ cash.

e$.$ Purchased supplies on July $[$ on account for future use, $$6.$

f$.$ Recorded revenues on De$$ther $6$ of $$53,$ including $$10$ on credit and $$43$ received in cash.

g$.$ Recognized salaries and wages expense on December $7$ of $$26$; paid in cash.

h$.$ Collected accounts receivable on December $8,$$$7.$

i$.$ Paid accounts payable on December $9,$$$8.$

j$.$ Received a $$4$ 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,$$$2$

Supplies of $$4$ were counted on December $31,2018.$

m$.$ Depreciation for $2018,$ $$2.$

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 $$5$ and will be paid in $2019.$

$1,3,5$ and $8.$ Set up T$-$accounts for the accounts on the trial balance. Enter beginning balances and post the transactions $($a$)-($j$),$ adjusting entries $(k)-($p$),$ and closing entry. $($Enter your answers in thousands of dollars.$)$

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