Question

NNO Drs. Glenn Feltham 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: Account Titles Debit Credit Cash $ 6 Accounts Receivable Supplies Equipment Accumulated Depreciation $ 2 Software Accumulated Amortization 3 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Depreciation Expense Amortization Expense Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense Totals $26 $26 BOOOOOUW Transactions during 2018 follow: a. Borrowed $16 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $19 cash on July 2, 2018 c. Issued additional shares of common stock for $6 on July 3. d. Purchased software on July 4, $2 cash. e. Purchased supplies on July 5 on account for future use, $8. 1. Recorded revenues on December 6 of $50, including $9 on credit and $41 received in cash. g. Recognized salaries and wages expense on December 7 of $24; paid in cash. h. Collected accounts receivable on December 8, $8. Pald accounts payable on December 9, $9. 7. Received a $2 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. Data for adjusting Journal entries on December 31: k. Amortization for 2018, $3. Supplies of $2 were counted on December 31, 2018 m. Depreciation for 2018, $3. n. Accrued interest of $1 on notes payable. o. Salaries and wages incurred but not yet paid or recorded, $3. p. Income tax expense for 2018 was $3 and will be paid in 2019.

please do a journal entry for a-j. AKA 1-10

then k-p AKA 1-6

Answer 1

Journal in the Books of Northland Physical Therapy
Transaction	Date	Particulars	LF	Amount Debit	Amount Credit
a	01/07/2018	Cash A/C                                                                                      Dr.		16
		To Notes Payable A/C			16
		(Being Cash Borrowed against a 6 month note payable)
b	02/07/2018	Equipments A/C                                                                       Dr.		19
		To Cash A/C			19
		(Being Equipments Purchased for Cash)
c	03/07/2018	Cash A/C                                                                                      Dr.		6
		To Common Stock A/C			6
		(Being additional shares issued)
d	04/07/2018	Software A/C                                                                             Dr.		2
		To Cash A/C			2
		(Being Sofware purchased)
e	05/07/2018	Supplies A/C                                                                               Dr.		8
		To Accounts Payable A/C			8
		(Being Supplies Purchased) Note: Made on credit due to insufficient cash balance
f	06/12/2018	Accounts Receivable A/C                                                     Dr.		9
		Cash A/C                                                                                      Dr.		41
		To Service Revenue A/C			50
		(Being Service Revenue Received in cash and credit)
g	07/12/2018	Salaries and Wages A/C                                                         Dr.		24
		To Cash A/C			24
		(Being Salaries and Wages Paid in cash)
h	08/12/2018	Cash A/C                                                                                      Dr.		8
		To Accounts Receivable A/C			8
		(Being Accounts Receivable Collected)
i	09/12/2018	Accounts Payable A/C                                                            Dr.		9
		To Cash A/C			9
		(Being Accounts Payable Paid Off)
j	10/12/2018	Cash A/C                                                                                      Dr.		2
		To Advance Deposits			2
		(Being advance received for a contract for next year)
k	31/12/2018	Amortization Expense A/C                                                  Dr.		3
		To Accumulated Amortization Expense A/C			3
		(Being Accumulated Amortization Expense Written Off)
l	31/12/2018	Supplies A/C                                                                               Dr.		2
		To Cash A/C			2
		(Being Supplies Purchased)
m	31/12/2018	Depreciation A/c                                                                       Dr.		3
		To Accumulated Depreciation A/C			3
		(Being Depreciation Provided for the year)
n	31/12/2018	Notes Payable A/C                                                                   Dr.		1
		To Interest Payable A/C			1
		(Being Interest made payable on Notes Payable)
o	31/12/2018	Salaries and Wages A/C                                                         Dr.		3
		To Salaries And Wages Payable			3
		(Being unrecorded salaries and wages made payable)
p	31/12/2018	Income Tax Expense A/C                                                       Dr.		3
		To Income Tax Payable			3
		(Being income tax expenses made due)