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Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Incorporated) on January 1, 2020. The annual reporting period

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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 Cash Debit $ 2 Credit Accounts Receivable 6 Supplies 13 Land 0 Equipment 70 Accumulated Depreciation Software $ 5 15 Accumulated Amortization 5 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable Interest Payable 0 Income Tax Payable: Common Stock 83 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense. Totals 0 0 0 $ 106 $ 106

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