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

i

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 July $4,$ $$4$ cash.

e$.$ Purchased supplies on July $5$ on account for future use, $$6.$

$f$ Recorded revenues on December $6$ 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.

o$.$ Salaries and wages incurred but not yet paid or recorded, $$4.$

p$.$ Income tax expense for $2018$ was $$5$ and will be paid in $2019.$

Required:

$2.$ Record journal entries for transactions $($a$)$ through $($j$).($If no entry is required for a transaction$/$event$,$ selec Required" in the first account field. Enter your answers in thousands of dollars.$)$