4 11 e 53 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, Incorporated) on January 1. 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplify: Account Tities Debit Credit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation $ Software 20 Accumulated Amortization Accounts Payable Notes Payable (short-ters) 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 $.92 $92 7 6 0 65 Transactions and events during 2021 (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, 512 cash e Purchased supplies on account on October 5 for future use. 577 Paid accounts payable on November 6, $14 Signed a $30 service contract on November 7 to start February 1, 2022 n. Recorded revenues of $146 on December 8, including $33 on credit and $113 collected in cash Recognized salaries and wages expense on December 9, 578 paid in cash Collected accounts receivable on December 10, 517. Data for adjusting journal entries as of December 31 k. Unrecorded amortization for the year on software. 57 Supplies counted on December 31, 2021, 511 m Depreciation for the year on the equipment. 57 n Interest of $2 to accrue on notes payable Salaries and wages earned but not yet paid or recorded, $13 p. Income tax for the year was 59. It will be paid in 2022 N 3 5 6 8 9 10 Record additional shares of common stock issued on April 3 for $31. Notes Encer debits before credits! Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet K 2 3 4 5 Un 6 7 8 9 10 Record software purchased on July 4, s12 cash. Note Entert before credit Transaction General Journal Debit Credit d Record entry Clear entry View general joumal Journal entry worksheet K 0 2 3 4 ch 6 7 CO 8 9 > Record supplies purchased on account on October 5 for future use. $17 Note: ce debits before Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet