19 Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify: art 7 of 12 Debit Credit $.4 4 11 0 62 25 inte 8 DROON 18 6 eBook Account Tities Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-tern) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals References e 72 7 0 59 599 12 1:54 Transactions and events during 2018 (summarized in thousands of dollars) follow. aBorrowed $13 cash on March 1 using a short-term note. b. Purchased and on March 2 for future building site, pald cash, $7 c Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, $12 cash. e Purchased supplies on account on October 5 for future use. $17. Pald accounts payable on November 6, $14. 9. Signed a $30 service contract on November 7 to start February 1, 2019 h. Recorded revenues of $164 on December 8, including $42 on credit and $122 collected in cash. Recognized salaries and wages expense on December 9, $87 pald in cash. Collected accounts receivable on December 10, $26. 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. $11. p. Income tax for the year was $9. It will be paid in 2019. ices View transaction list Journal entry worksheet 1 2 3 5 6 Record the unrecorded amortization for the year on software, $7. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal of 12 View transaction list Journal entry worksheet 8 000052 Record the adjusting entry for salaries and wages earned but not paid for $11. Bock References Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Choroby Part 7 of 12 View transaction list Journal entry worksheet 0.25 points 1 2 3 4 5 > ( 01.00:41 Record the adjusting entry for income tax for the year was $9. It will be paid in 2019. Book References Note: Enter debits before credits Transaction General Journal Debit Recorded Clear entry View general journal