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Answer all of these, please C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and

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C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6] (General Ledger) 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 housands of dollars to simplify). Account Titles Cash Accounts Receivable Supplies Land Debit $ 3 Credit 5 12 Equipment Accumulated Depreciation Software 60 15 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenues Salaries and Wages Expense Depreciation Expense mortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $95 un unoooo 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 $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 November 7 to start February 1, 2019 h Recorded revenues of $160 on December 8, including $40 on credit and $120 collected in cash. Recognized salaries and wages expense on December 9, $85 paid in cash / 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. 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 p Income tax for the year was $8. It will be paid in 2019. or recorded, $12. (Enter all of your answers in thousands of dollars. (i.e., $100,000 should be entered as $100)). Answer is not complete. Statement of Retained Earnings General General Income Requirement Trial Balance Balance Sheet Analysis Ledger Journal Statement Answer is not complete. Geni al Bdince Aval Pparn the journal entries to rscond transactions () thrugh (n Then prepare the necessary adjusting entries () tough (p) to corectly report net income for the period. Then record he cosing enery as or December 31 t no erery is red for a transactionevet seiect o surnal entry reuir in the tst acunt eld) Oee Jo Debl Cret Mar01 2018 120 cash Nots Pae norta 12 LANS Mar 02 201 2 Cash Cash Apr 01 3018 23 Comman ock 23 04 20 Sohware Caun Supclies daos n Acours Pa NEv 0 201 Ncouts Pav Ca No 201 No Jo Brey Raud dec 201 40 120 Acsouns Rcaiib Cass Sevice Revene 160 es Saiaries and Woes Expense Dec 08 2018 a dash Cash Dec 201 to Accsuns Racvae Dec 312018 Amortianton Excanse Accumuidad Amonaation Dec3201 Supples Expense sucolies 20 12 20 Dec 3 2018 13 Dapraciation Expnse Accumuad Cpcationoimrt r Eparse 14 Dec 31 2018 anost P 120 Dec 31, 2018 Salaries and Wage Epan Salanes and Wgus Payat 12 Income Tax Ees Dec 31, 201 income ta Payabie 17 No Joura Entry Rurd Dec 31, 2018 Oenerd Ladonr

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