Required:

$5.$ Prepare an adjusted trial balance.

Note: Enter your answers in thousands of dollars. Jessica Shannon and Kelvin Ali began operations of their physical therapy clinic, called Northland Physical Therapy, on January $1,2023.$ The annual reporting period ends December $31.$ The trial balance on January $1,2024,$ was as follows $($the amounts are rounded to thousands of dollars to simplify$)$:

Transactions during $2024($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $\backslash (\backslash$$ $15\backslash )$ cash on July $1,$ signing a six$-$month note payable.

b$.$ Purchased equipment for $\backslash$$$18$ cash on July $2.$

c$.$ Issued additional shares of common stock for $\backslash (\backslash$$ $4\backslash )$ on July $3.$

d$.$ Purchased software on July $4,\backslash$$$4$ cash.

$\backslash ($ e $\backslash ).$ Received supplies on July $5$ on account for future use, $\backslash$$$6.$

$\backslash ($ f $\backslash ).$ Recorded revenues on December $6$ of $\backslash (\backslash$$ $50\backslash ),$ including $\backslash (\backslash$$ $10\backslash )$ on credit and $\backslash (\backslash$$ $40\backslash )$ received in cash.

g$.$ Recognized salaries and wages expense on December $7$ of $\backslash (\backslash$$ $23\backslash )$; paid in cash.

h$.$ Collected accounts receivable on December $\backslash (8,\backslash$$ $7\backslash ).$

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

j$.$ Received a $\backslash (\backslash$$ $4\backslash )$ cash deposit on December $10$ from a hospital for a contract to start January $5,2025.$

Data for adjusting journal entries on December $31$:

k$.$ Amortization for $2024,\backslash$$$1.$

l$.$ Supplies of $\backslash (\backslash$$ $4\backslash )$ were counted on December $31,2024.$

m$.$ Depreciation for $2024,\backslash$$$2.$

$\backslash ($ n $\backslash ).$ Interest of $\backslash$$$1$ on notes payable is yet to be recorded.

o$.$ Salaries and wages incurred but not yet paid or recorded, $\backslash$$$5.$

p$.$ Income tax expense for $2024$ was determined to be $\backslash (\backslash$$ $5\backslash )$ and will be paid in $2025.$