3. Post the pumal entries from requirement 2 to T-accounts and prepare an adjusted trial balance (Enter your answers in thousands of dollars.) Required Information X Credit The following information applies to the questions played below! Brothers Harry and Herman Housyerday began operations of their machine shop H&H Tool, Inc.) on January 1, 2013. The annual reporting period ends December 31. The trial balance on January 2015, follows the amounts are rounded to thousands of dollars to simply Credit Debit $3 H&H TOOL, INC Unadjusted Trial Balance At December 31, 2015 (in thousands) Account Tiles Debit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payabile Interest Payable Income Taxes Payable Common Stock Retained Earings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Total 5 0 50 Accounties 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 16 2 5 0 0 0 ce. Required Information X 68 8 0 Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense o o o o o o Totals $94 $ 94 Transactions during 2015 (summarized in thousands of dollars) follow: 1. Borrowed $12 cash on a six-month note payable dated March 1, 2015. 2. Purchased land for future building site; paid cash, $9. 3. Earned revenues for 2015, $156, including $38 on credit and $118 collected in cash. 4. Issued additional shares of stock for $3. Required Information x 1. Borrowed $12 cash on a six-month note payable dated March 1, 2015 2. Purchased land for future building site; paid cash $9. 3. Earned revenues for 2015, $156, including $38 on credit and $118 collected in cash. 4. Issued additional shares of stock for $3. 5. Recognized salaries and wages expense for 2015, $83 paid in cash. 6. Collected accounts receivable, $22. 7. Purchased software, $10 cash. 8. Paid accounts payable, $13. 9. Purchased supplies on account for future use, $18. 10.Signed a $25 service contract to start February 1, 2016. Data for adjusting journal entries: 11. Unrecorded amortization for the year on software, $7. 12.Supplies counted on December 31, 2015, $10. 13.Depreciation for the year on the equipment, $6. 14.Accrued interest of $1 on notes payable. 15. Salaries and wages earned but not yet paid or recorded, $12. 16.Income tax for the year was $8. It will be paid in 2016. Accounts Receivable Cash 3 12 Beg. Bal. 1. 0 Beg. Bal. 3. 38 3. 118 835 107 1318 14 3 22 6. End. Bal 43 End. Bal 52 Land Supplies 12 18 Beg. Bal 19 0 Beg Bal 12 9 End. Bal 30 End. Bal. Equipment 58 Beg. Bal. Accumulated Depreciation Equipment Beg Bal. 6 End. Bal 58 End. Bal. Accumulated Amortization Beg. Bal. 7 Software 16 10 Beg. Bal End. Bal. 26 End. Bal. Beg. Bal. a Accounts Payable 0 13 Notes Payable 0 Beg. Bal 0 End. Bal. 8 End, Bal Beg Bal Salaries and Wages Payable 0 0 Beg Bal Interest Payable 0 0 End Bal. End. Bal. Income Tax Payable Common Stock End. Bal. End. Bal. Common Stock Income Tax Payable 0 Beg. Bal. Beg. Bal. 0 68 0 0 End. Bal. End. Bal. 68 Retained Earnings 0 Service Revenue 0 Beg. Bal. 8 Beg Bal 0 CE1 156 156 3 End. Bal. 8 End. Bal. Depreciation Expense 0 Amortization Expense Beg. Bal 13. 0 Beg. Bal. 11. 6 6CE1 7CE1 End. Bal. End. Bal Income Tax Expense 0 Interest Expense Beg. Bal 0 16. Beg. Bal 114. 8 8 CE1 1 1 CE1 End. Bal. End. Bal. Salaries and Wages Expense 0 83 Supplies Expense 0 Beg. Bal. 5. 15. Beg. Bal 12. 20 20 (CE1 12 95 CE1 End. Bal. End. Bal