Drs Glenn Feltman and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows (the amounts are rounded to thousands of dollars to simplify): Cash 7 Accounts Receivable 3 Supplies 3 Equiptment 7 Accumulated Depriciation 2 Software 6 Accumulated Amortization 2 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Taxes Payable 0 Deferred Revenue 0 Common Stock 15 Retained Earnings 2 Service Revenue 0 Depreiciation Expense 0 Amortization Expense 0 Saleries and Wages Expense 0 Supplies Expense 0 Interest Expense 0 Income Tax Expense 0 Set up T-Accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting enteries (k)-(p), and closing entry
Drs Glenn Feltman and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The
Cash 7
Supplies 3
Equiptment 7
Accumulated Depriciation 2
Software 6
Accumulated Amortization 2
Accounts Payable 5
Notes Payable (short-term) 0
Salaries and Wages Payable 0
Interest Payable 0
Income Taxes Payable 0
Deferred Revenue 0
Common Stock 15
Service Revenue 0
Depreiciation Expense 0
Amortization Expense 0
Saleries and Wages Expense 0
Supplies Expense 0
Interest Expense 0
Income Tax Expense 0
Set up T-Accounts for the accounts on the trial balance. Enter beginning balances and
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