1. 1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.)

Can you please write the letters from a-p instead of writing what it is, for example, land. Thank you!

These are the answers to 1, 3, 5 and 8:

follows (the amounts are rounded to thousands of dollars to simplify): 7 Account Titles Debit Credit Cash $ 4 Accounts Receivable Supplies 11 Land 0 Equipment 53 Accumulated $ 7 Depreciation Software 20 Accumulated Amortization Accounts Payable 6 Notes Payable 0 (short-term) Salaries and Wages 0 Payable Interest Payable 0 Income Tax Payable 0 Common Stock 65 Retained Earnings 7 Service Revenue 0 Salaries and Wages 0 Expense Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $ 92 $92 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $31. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $146 on December 8, including $33 on credit and $113 collected in cash. i. Recognized salaries and wages expense on December 9, $78 paid in cash. j. Collected accounts receivable on December 10, $17. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $7. 1. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $13. p. Income tax for the year was $9. It will be paid in 2019. No Transaction General Journal Debit Credit 1 a. 13 Cash Notes Payable (short-term) 13 2 b. Land 7 Cash 7 3 c. Cash 31 Common Stock 31 4 d. Software 12 Cash 12 an e. 17 Supplies Accounts Payable 17 6 f. 14 Accounts Payable Cash 14 7 g. No Journal Entry Required 8 h. Cash 113 Accounts Receivable 33 Service Revenue 146 9 i. Salaries and Wages Expense 78 Cash 78 10 j. Cash 17 Accounts Receivable 17 Credit 53 $ 7 7 H & H TOOL, INC. Unadjusted Trial Balance At December 31, 2018 (in thousands) Account Titles Debit Cash $ 67 Accounts Receivable 20 Supplies 28 Land 7 Equipment Accumulated Depreciation Software 32 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 78 Supplies Expense 0 Depreciation Expense 0 Interest Expense 0 Income Tax Expense 0 Totals $ 285 9 13 0 0 0 96 7 146 $ 285 Credit 14 14 9 H&H TOOL, INC. Adjusted Trial Balance At December 31, 2018 (in thousands) Account Titles Debit Cash $ 67 Accounts Receivable 20 Supplies 11 Land 7 Equipment 53 Accumulated Depreciation Software 32 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 91 Supplies Expense 17 Depreciation Expense 7 Amortization Expense 7 Interest Expense 2 Income Tax Expense 9 Total 323 13 13 2 9 96 7 146 NIN $ $ 323 $ H & H TOOL, INC. Post-Closing Trial Balance At December 31, 2018 (in thousands) Account Titles Debit Credit Cash 67 Accounts Receivable 20 Supplies 11 Land 7 Equipment 53 Accumulated Depreciation 14 Software 32 Accumulated Amortization 14 Accounts Payable 9 Notes Payable (short-term) Salaries and Wages Payable 13 Interest Payable 2 Income Tax Payable 9 Common Stock 96 Retained Earnings 20 Dividends 0 Service Revenue 0 Salaries and Wages Expense 0 Supplies Expense 0 Depreciation Expense 0 Amortization Expense 0 Interest Expense 0 Income Tax Expense 0 Totals $ 190 $ 190 w