Question
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
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 Totals Debit $ 4 Credit 4 11 0 62 $ 7 18 7 0699ONI 72 7 0 0 0 0 0 0 $ 99 $ 99 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 $25. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $164 on December 8, including $42 on credit and $122 collected in cash. 1. Recognized salaries and wages expense on December 9, $87 paid in cash. J. Collected accounts receivable on December 10, $26. cher 24 Data for adjusting 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, $11. p. Income tax for the year was $9. It will be paid in 2022. 2. Record journal entries for transactions (a) through (). (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 Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > Record $13 cash borrowed on March 1 using a short-term note. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry < Prev 5 6 9 7 View general journal 12 ** of 12 Next > Required: 4. Record the adjusting journal entries (k) through (p). (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 Journal entry worksheet < 1 2 3 4 5 6 Record the unrecorded amortization for the year on software, $7. Note: Enter debits before credits. Transaction k General Journal Debit Credit < Prev 7 8 9 So 12 of 12 Next > MacBook Air 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C Prepare an income statement. (Enter your answers in thousands of dollars.) H&H TOOL, INCORPORATED Income Statement (in thousands) < Prev 9 10 11 12 of 12 Next >
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