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Brothers Mike and Tim Hargen began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2017, follows:

Account Titles	Debit				Credit
Cash		6,000
Accounts receivable		5,000
Supplies		13,000
Land
Equipment		78,000
Accumulated depreciation (on equipment)						8,000
Other assets (not detailed to simplify)		7,000
Accounts payable
Wages payable
Interest payable
Income taxes payable
Long-term notes payable
Common stock (8,000 shares, $.50 par value)						4,000
Additional paid-in capital						80,000
Retained earnings						17,000
Service revenue
Depreciation expense
Supplies expense
Wages expense
Interest expense
Income tax expense
Remaining expenses (not detailed to simplify)
Totals		109,000				109,000

Transactions during 2017 follow:

a. Borrowed $15,000 in cash on a five year, 8 percent notes payable, dated March 1, 2017.

b. Purchased land for a future building site; paid cash, $13,000.

c. Earned $215,000 in revenues for 2017, including $52,000 on credit and the rest in cash.

d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2017.

e. Incurred $114,000 in Remaining Expenses in 2017, including $20,000 on credit and the rest paid in cash.

f. Collected accounts receivable, $34,000.

g, Purchased other assets, $15,000 cash.

h. Purchased supplies on account for future use, $27,000.

i. Paid accounts payable, $26,000

j. Signed a three year $33,000 service contract to start February 1, 2018.

k. Declared and paid cash dividends, $25,000.

Data for adjusting entries:

l. Supplies counted on December 31, 2017, $18,000.

m. Deprecation for the year on equipment, $10,000.

n. interest accrued on notes payable (to be computed).

o. Wages earned by employees since the December 24 payroll but not yet paid, $16,000.

p. Income tax expense, $11,000, payable in 2018.

Required:

Journalize and post the adjusting entries (l) through (p)