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

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):

Account Titles Debit Credit
Cash $ 2
Accounts Receivable 6
Supplies 13
Land 0
Equipment 54
Accumulated Depreciation $ 5
Software 21
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 72
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 $ 96 $ 96

Transactions and events during 2018 (summarized in thousands of dollars) follow:

  1. Borrowed $11 cash on March 1 using a short-term note.
  2. Purchased land on March 2 for future building site; paid cash, $8.
  3. Issued additional shares of common stock on April 3 for $30.
  4. Purchased software on July 4, $11 cash.
  5. Purchased supplies on account on October 5 for future use, $19.
  6. Paid accounts payable on November 6, $12.
  7. Signed a $20 service contract on November 7 to start February 1, 2019.
  8. Recorded revenues of $148 on December 8, including $34 on credit and $114 collected in cash.
  9. Recognized salaries and wages expense on December 9, $79 paid in cash.
  10. Collected accounts receivable on December 10, $18.

Data for adjusting journal entries as of December 31:

  1. Unrecorded amortization for the year on software, $6.
  2. Supplies counted on December 31, 2018, $12.
  3. Depreciation for the year on the equipment, $5.
  4. Interest of $1 to accrue on notes payable.
  5. Salaries and wages earned but not yet paid or recorded, $11.
  6. Income tax for the year was $7. It will be paid in 2019.

im working on the accounting cycle. i have hard time with finding the adjusted trial balance, closing entries, and the post closing trial balance. any help clear would be greatly appreciated

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