Chapter 4 graded hw problems x cation.com/Sow/connect.html?returnUrla https%3A%2F%2Foonnectnteducationcon%2fpaam eb%2Finder htmm23%2Fregistra D Myus Home Page UB Student Response UBit Software Downl UBLeams s -The Libraries-Uv Imported From IE w problems 6 Saved Required information C4-4 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4.4, LO 4-5, LO 4-6) The following information applies to the questions displayed below Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1,2018, follows (amounts are rounded to thousands of dolilars to simplify). Account TitlesDebit Credit Accounts Recelvable Supplies Equipment Accumulated Depreelation Sofhware Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Weges Payable Interest Payable Income Tax Payable 15 Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salarles and wages Expense ortization Expense terest Expense Income Tax Expense Transactions during 2018 (summarized in thousands of dollars) follow a Borrowed $21 cash on July 1, 2018, signing a six-month note payable b Purchased equipment for $18 cash on July 2 141516 22 0123 Next > D LL