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: Debit Credit $4 4 11 9 53 $.7 20 6 Account Titles Cash Accounts Receivable Supplies Land Equipent Accumulated Depreciation Software Accumulated Anortization Accounts Payable Notes Payable (short-tern) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Anortiration Expense Income Tax Expense Interest Expense Supplies Experte Totals 65 $92 $92 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 $31. d. Purchased software on July 4, $12 cash. e Purchased supplies on account on October 5 for future use. $17. 1. Pald accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $146 on December 8, including $33 on credit and $113 collected in cash. 1. Recognized salaries and wages expense on December 9, $78 paid in cash. 7. Collected accounts receivable on December 10, $17 Data for adjusting Journal entries as of December 31 k Unrecorded amortization for the year on software. $7. 1. 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 8. Post the closing entry from requirement and prepare a post closing trial balance (Enter your answers in thousands of dollars.) H&H TOOL, INC Post Closing Trial Balance Debit Credit (in thousands) Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortaton Accounts Payable Notes Payable short-term) Salanes and Wages Payable Interest Payable Income Tax Payable Common Stock 7. Prepare the closing journal entry. (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 View journal entry worksheet Debit No A Credit Transaction 1 141 General Journal Income Tax Exponse Salaries and Wages Expense Accumulated Depreciation 101 7 Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.) H&H TOOL, INC Balance Sheet At December 31, 2018 (in thousands) Assets Liabilities Current Assets Current Liabilities Cash Accounts Receivablo Supplies Total Current Assets Land Equipment 0 0 0 D 0 Total Assets $