Question: Transactions and events during 2 0 2 1 ( summarized in thousands of dollars ) follow: 3 . Borrowed $ 1 1 cash on March
Transactions and events during summarized in thousands of dollars follow:
Borrowed $ cash on March using a shortterm note.b Purchased land on March for future building site; paid cash, $c Issued additional shares of common stock on April for $d Purchased software on July $ cash.e Received supplies on account on October for future use, $f Paid accounts payable on November $g Signed a $ service contract on November to start February h Recorded revenues of $ on December including $ on credit and $ collected in cash.i Recognized salaries and wages expense on December $ paid in cash.j Collected accounts receivable on December $Data for adjusting journal entries as of December :k Unrecorded amortization for the year on software, $ Supplies counted on December $m Depreciation for the year on the equipment, $n Interest of $ to accrue on notes payable.o Salaries and wages earned but not yet paid or recorded, $o Income tax for the year was $ It will be paid in CAlgo Part Required:a Prepare an income statementb Prepare the statement of retained earningsc
Prepare the balance sheet.
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