4 11 68 Required information [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): Account Title Debit Credit Cash $4 Accounts Receivable Supplies Land 0 Equipment recumulated Depreciation Accumulated Amortization Accounts Payable Noten Payable (ahort-term) Salaries and Wages Payable Interest Payable Income Tax layable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Experise Interest Expensi Supplies Expense Totals $111 Software 24 OOOO 83 2 0 0 0 0 $111 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 $176 on December 8, including $48 on credit and $128 collected in cash. Recognized salaries and wages expense on December 9, $93 paid in cash. J. Collected accounts receivable on December 10, $32. Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on software. $8. 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. 1 2 3 4 5 6 7 8 00 9 10 > Record $13 cash borrowed on March 1 using a short-term note. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Record land purchased on March 2 for future building site; paid cash, $7. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet Record additional shares of common stock issued on April 3 for $31. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Record entry Clear entry View general Journal Journal entry worksheet 7 8 9 10 Record software purchased on July 4, $12 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general Journal Journal entry worksheet Record accounts payable paid on November 6, $14. Note: Enter debits before credits. Transaction General Journal Dobit Credit Record entry Clear entry View general journal Journal entry worksheet Record revenues of $176 on December 8, including $48 on credit and $128 collected in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet