2 [The following information applies to the questions displayed below. 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) Part 2 of 9 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software 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 Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals Debit Credit 12 63 18 points eBook 74 101 $101 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note b. Purchased land on March 2 for future building site; paid cash, $9 c. Issued additional shares of common stock on April 3 for $26 d. Purchased software on July 4, $10 cash. d. Purchased software on July 4, $10 cash e. Purchased supplies on account on October 5 for future use, $18 f Paid accounts payable on November 6, $13 g. Signed a $25 service contract on November 7 to start February 1, 2019 h. Recorded revenues of $166 on December 8, including $43 on credit and $123 collected in cash i. Recognized salaries and wages expense on December 9, $88 paid in cash j. Collected accounts receivable on December 10, $27 Part 2 of9 Data for adjusting journal entries as of December 31 points k. Unrecorded amortization for the year on software, $8 Supplies counted on December 31, 2018, $10 m. Depreciation for the year on the equipment, $6 n. Interest of $1 to accrue on notes payable o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2019 eBook Print 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.) Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Supplies Land 2 Required information Cash ccounts Receivable Part 2 of 9 Beg. Bal Beg. Bal points End. Bal End. Bal eBook Supplies Land Beg. Bal Beg. Bal Print End. Bal End. Bal Equipment Accumulated Depreciation Beg. Bal Beg. Bal End. Bal End. Bal Software Accumulated Amortization Beg. Bal Beg. Bal 2 Required information Accounts Payable Notes Payable (short-term) Part 2 of 9 Beg. Bal Beg. Bal End. Bal End. Bal points Salaries and Wages Payable Interest Payable Beg. Bal Beg. Bal eBook End. Bal End. Bal Print Income Tax Payable Common Stock Beg. Bal Beg. Bal End. Bal End. Bal Retained Earnings Service Revenue Beg. Bal Beg. Bal End. Bal End. Bal Salaries and Wages Expense Depreciation Expense Required information End. Bal End. Bal 0 Part 2 of 9 Salaries and Wages Expense Depreciation Expense Beg. Bal Beg. Bal points eBook End. Bal End. Bal Amortization Expense Income Tax Expense Print Beg. Bal Beg. Bal End. Bal End. Bal Interest Expense Supplies Expense Beg. Bal Beg. Bal End. Bal End. Bal