4. Banowed $12 cad te Mank 1 sing a sher term note. in wash- A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Statements and Closing Journal Entries (Chapters 2, 3, and 4) Brothers Harry and Herman Hausyerday began operations of their machine shop (H&H Tool, Inc.) 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): Transactions and events during 2021 (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 $23. 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 Yovember 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. i. Recognized salaries and wages expense on December 9,$85 paid in cash. j. Collected accounts receivable on December 10,$24. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $5. l. Supplies counted on December 31, 2021, \$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 2022 . Congratulations students for making it to the end of the term! For the final week, you will have to complete the final assignment, to wit: A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysiz) Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks. 4. Banowed $12 cad te Mank 1 sing a sher term note. in wash- A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Statements and Closing Journal Entries (Chapters 2, 3, and 4) Brothers Harry and Herman Hausyerday began operations of their machine shop (H&H Tool, Inc.) 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): Transactions and events during 2021 (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 $23. 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 Yovember 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. i. Recognized salaries and wages expense on December 9,$85 paid in cash. j. Collected accounts receivable on December 10,$24. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $5. l. Supplies counted on December 31, 2021, \$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 2022 . Congratulations students for making it to the end of the term! For the final week, you will have to complete the final assignment, to wit: A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysiz) Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks