Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Incorporated) on January 1, 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplify):

Account Titles	Debit	Credit
Cash	$ 2
Accounts Receivable	6
Supplies	13
Land	0
Equipment	61
Accumulated Depreciation		$ 5
Software	15
Accumulated Amortization		6
Accounts Payable		4
Notes Payable (short-term)		0
Salaries and Wages Payable		0
Interest Payable		0
Income Tax Payable		0
Common Stock		73
Retained Earnings		9
Service Revenue	0
Salaries and Wages Expense	0
Depreciation Expense	0
Amortization Expense	0
Income Tax Expense	0
Interest Expense	0
Supplies Expense	0
Totals	$ 97	$ 97

Transactions and events during 2021 (summarized in thousands of dollars) follow:

Borrowed $11 cash on March 1 using a short-term note.

Purchased land on March 2 for future building site; paid cash, $8.

Issued additional shares of common stock on April 3 for $24.

Purchased software on July 4, $11 cash.

Purchased supplies on account on October 5 for future use, $19.

Paid accounts payable on November 6, $12.

Signed a $20 service contract on November 7 to start February 1, 2022.

Recorded revenues of $162 on December 8, including $41 on credit and $121 collected in cash.

Recognized salaries and wages expense on December 9, $86 paid in cash.

Collected accounts receivable on December 10, $25.

Data for adjusting journal entries as of December 31:

Unrecorded amortization for the year on software, $6.

Supplies counted on December 31, 2021, $12.

Depreciation for the year on the equipment, $5.

Interest of $1 to accrue on notes payable.

Salaries and wages earned but not yet paid or recorded, $13.

Income tax for the year was $7. It will be paid in 2022.

C4-2 (Algo) Part 5

Required:

Prepare an adjusted trial balance. Prepare an adjusted trial balance using the data above.

Prepare an adjusted trial balance. (Enter your answers in thousands of dollars.)

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{1}{|c|}{ For the Year Ended December 31, 2021 } \\ \hline \multicolumn{1}{|c|}{ (in thousands) } \\ \hline Cash & Debit & Credit \\ \hline Accounts Receivable & & \\ \hline Supplies & & \\ \hline Land & & \\ \hline Equipment & & \\ \hline Accumulated Depreciation & & \\ \hline Software & & \\ \hline Accumulated Amortization & & \\ \hline Accounts Payable & & \\ \hline Notes Payable (short-term) & & \\ \hline Salaries and Wages Payable & & \\ \hline Interest Payable & & \\ \hline Income Tax Payable & & \\ \hline - & & \\ \hline \end{tabular}