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4. Record the adjusting journal entries (11) through (16). (If no entry is required for a transaction/event, select No Journal Entry Required in the first

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4. Record the adjusting journal entries (11) through (16). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list 1 Record the unrecorded amortization for the year on software, $7. > 2 Record the adjusting entry for supplies counted on December 31, 2015 for $10. 3 Record the adjusting entry for depreciation for 2015, $6. 4 Record the adjusting entry for accrued interest for $1 on notes payable. Credit 5 Record the adjusting entry for salaries and wages earned but not paid for $12. 6 Record the adjusting entry for income tax expense for 2015 for $8 that will be paid in 2016. Note : journal entry has been entered Record entry Clear entry View general Journal 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, 2013. The annual reporting period ends December 31 The trial balance on January 1, 2015, follows the amounts are rounded to thousands of dollars to simplify: Credit Debit $3 5 12 0 58 $6 16 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 7 5 O O 0 0 68 8 0 OOOOOO 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. 5. Recognized salaries and wages expense for 2015, $83 paid in cash. 6. Collected accounts receivable, $22. 7. Purchased software, $10 cash. 8. Pald 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, S7 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

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