5 12 52 22 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 Titles Debit Credit Cash $ 3 Accounts Receivable Supplies Land Equipment Accumulated Depreciation $6 Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 67 Retained Earnings Service Revenue 0 Salaries and Wages Expense Depreciation Expenso 0 Amortization Expense Income Tax Expense Interest Expense 0 Supplies Expense Totals $94 $94 SOODOU a 0 0 Transactions and events during 2018 (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 $32. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2019. n. Recorded revenues of $144 on December 8, including $32 on credit and $112 collected in cash. Recognized salaries and wages expense on December 9, $77 paid in cash. J. Collected accounts receivable on December 10, $16. 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, $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 2019. 8. Post the closing entry from requirement and prepare a post closing trial balance (Enter your answers in thousands of dollars.)