anual Posting) 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): Cash Accounts Reeivable Supplies 12 69 24 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 90 Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $113 $113 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. SS c Issued additional shares of common stock on April 3 for $23 e Purchased supplies on account on October 5 for future use. $18 3 4 9of 9 l Next> Prex Interest Expense Supplies Expense Totals $113 $113 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 Recorded revenues of S178 on December 8, including $49 on credit and $129 collected in cash & Recognized salaries and wages expense on December 9 $94 paid in cash / Collected accounts receivable on December 10, $33. Data for adjusting journal entries as of December 3 k. Unrecorded amortization for the year on software, $4 I 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 eamed but hot yet paid or recorded s12 P. Income tax for the year was $8 it will be paid in 2019 answers in thousands of 3. Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL, INC Unadjusted Trial Balance (in thousands) Account Titles Debit Credit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreclation Software 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 of9 Next > Required information Accounts Recelvable Supplies Land Equipment Accumulated Depreciation Software 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
