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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

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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): Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. c. Issued additional shares of common stock on April 3 for $27. d. Purchased software on July 4,$11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6,$12. g. Signed a $20 service contract on November 7 to start February 1,2022. h. Recorded revenues of $154 on December 8 , including $37 on credit and $117 collected in cash. 1. Recognized salaries and wages expense on December 9,$82 paid in cash. j. Collected accounts receivable on December 10,$21. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, \$8. 1. Supplies counted on December 31, 2021, \$12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was $7. It will be paid in 2022 . 2 of 9 \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ H \& H TOOL, INCORPORATED } \\ \hline Anadjusted Trial Balance \\ \hline Account Titles & (in thousands) \\ \hline Cash & \\ \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 Taxes Payable \\ \hline Common Stock \\ \hline Retained Earnings \\ \hline Service Revenue \\ \hline \end{tabular} Prev 2349of9 Sutunies (1) Required information

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