Question: 1. Record journal entries for transactions 1 through 10 2. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post
The following information applies to the questions displayed below) Drs. Glenn Feltham and Gary Entwistle began operations of their physical therapy clinic called Northland Physical Therapy on January 1, 2014. The annual reporting period ends December 31. The trial balance January 1, 2015, was as follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash 8 Accounts Receivable Supplies 9 5 Equipment 1 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Service Revenue Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense $29 $29
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