Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on January 1, 2012, follows (the amounts are rounded to thousands of dollars to simplify):

Account Titles	Debit			Credit
Cash	$	3
Accounts Receivable		5
Supplies		12
Land		0
Equipment		60
Accumulated Depreciation				$	6
Other Noncurrent Assets		4
Accounts Payable					5
Notes Payable (short-term)					0
Wages Payable					0
Interest Payable					0
Income Tax Payable					0
Contributed Capital					65
Retained Earnings					8
Dividends Declared		0
Service Revenue					0
Wages Expense		0
Depreciation Expense		0
Income Tax Expense		0
Interest Expense		0
Supplies Expense		0
Totals	$	84		$	84

Transactions during 2012 (summarized in thousands of dollars) follow:
a.	Borrowed $12 cash on a six-month note payable dated March 1, 2012.
b.	Purchased land for future building site, paid cash, $9.
c.	Earned revenues for 2012, $160, including $40 on credit and $120 collected in cash.
d.	Issued additional shares of stock for $3.
e.	Recognized wages expense for 2012, $85 paid in cash.
f.	Collected accounts receivable, $24.
g.	Purchased other noncurrent assets, $10 cash.
h.	Paid accounts payable, $13.
i.	Purchased supplies on account for future use, $18.
j.	Signed a $25 service contract to start February 1, 2013.
k.	Declared and paid a cash dividend, $17.
Data for adjusting journal entries:
l.	Supplies counted on December 31, 2012, $10.
m.	Depreciation for the year on the equipment, $6.
n.	Accrued interest of $1 on notes payable.
o.	Wages earned not yet paid or recorded, $12.
p.	Income tax for the year was $8. It will be paid in 2013.

Create a balance sheet At December 31,2012