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Brothers Harry and Herman Hausyerday began operations of their mach ine shop H& H Tool, Inc) on January 1,2016 The annual reporting period ends December

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Brothers Harry and Herman Hausyerday began operations of their mach ine 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 Cash Accounts Receivable Supplies Debit Credit $ 4 Land Equipment Accumulated Depreciation Softvare Accumulated Anortization Accounts Payable Notes Payable (short-term) Salaries and Wages PAyable Interest Payable Income Tax Payable Common Stock Retained Earaings Service Revenue Salaries and Wages: Expense Depreciation Expense Amortization Expenser Income Tax Expense Interest Expense Supplies Expense $92 $92 Totals Transactions and events during 2018 (summarized in thousands of dollars) follow a. Borrowed$13 cash on March 1using ashort-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 $28 Transactions and events during 2018 (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 $28. 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, 2019. h. Recorded revenues of $152 on December 8, including $36 on credit and $116 collected in cash. i Recognized salaries and wages expense on December 9, $81 paid in cash. j. Collected accounts receivable on December 10, $20. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $4. Supplies counted on December 31, 2018, $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 2019. A Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits. Credit Debit General Journal Transaction 1 Net Income Net Profit Margin OStockholders' Equity OLiabilities What is its current ratio? (Enter your answers in thousands of dollars Current Ratio Numerator Denominator

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