4 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 Title Debit Credit Cash $.4 Accounts Receivable Supplies 11 Land 0 Equipment 53 Accumulated Depreciation $ 7 Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wagen 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 Totals $92 $92 20 7 6 0 0 0 0 0 0 0 0 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. Interest Expense Supplies Expense Totals 0 0 $ 92 $ 92 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, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. Pald accounts payable on November 6, $14. 9. Signed a $30 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $146 on December 8, including $33 on credit and $113 collected in cash. Recognized salaries and wages expense on December 9, $78 paid in cash. Collected accounts receivable on December 10, $17. Data for adjusting Journal entries as of December 31: k. Unrecorded amortization for the year on software, $7. Supplies counted on December 31, 2021, $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. $13. p. Income tax for the year was $9. It will be paid in 2022 Required: 3. Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) HR HTOOLL INCORPORATED art 2 of 9 Credit NI ints eBook 14 Print References 14 6 For the Year Ended December 31, 2021 (in thousands) Account Titles Debit Cash $ 67 Accounts Receivable 20 Supplies 28 Land 7 Equipment 53 Accumulated Depreciation $ Software 32 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals 207 $ + $ 34 3 Data for adjusung journal entries as of December 31: k. Unrecorded amortization for the year on software, $7. 1. Supplies counted on December 31, 2021, $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, $13. p. Income tax for the year was $9. It will be paid in 2022. art 3 of 9 nts eBook Required: 4. Record the adjusting journal entries (k) through (p). (If no entry is required for a transaction/event, select "No Jou Required" in the first account field. Enter your answers in thousands of dollars.) Print References View transaction list Journal entry worksheet Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.) H&H TOOL, INCORPORATED Balance Sheet (in thousands) Equipment Software Required information Income Tax Payablo Common Stock Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Retained Earnings Service Revenue Credit Credit Debit Beginning Balance Debit Beginning Balance ces Ending Balance Ending Balance Salaries and Wages Expense Debit Credit Beginning Balance Depreciation Expense Debit Beginning Balance Credit Ending Balance Ending Balance Amortization Expense Debit Income Tax Expense Credit Debit Credit Required information Beginning Balance Beginning Balance Ending Balance Ending Balance Income Tax Expense Credit Amortization Expense Dobit Beginning Balance Credit Dobit Beginning Balance Ending Balance Ending Balance Interest Expense Supplies Expense Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance H&H TOOL, INCORPORATED Post-Closing Trial Balance Debit Credit es (in thousands) 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 Dividends