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 $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 55 Accumulated Depreciation $ 6 Software 19 Accumulated Amortization Accounts Payable 5 Notes Payable short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 70 Retained Earnings B Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $94 $94 OOOOO 0 0 0 0 0 0 0 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash. $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use. $18. f. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $150 on December 8, including $35 on credit and $115 collected in cash. 1. Recognized salaries and wages expense on December 9, $80 paid in cash. J. Collected accounts receivable on December 10, $19. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $5. 1. Supplies counted on December 31, 2018, $10. m. Depreciation for the year on the equipment. $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2019. Credit $ 6: 5 10 At December 31, 2018 (in thousands) Account Titles Debit Cash $ 66 Accounts Receivable 21 Supplies 20 Land 9 Equipment 55 Accumulated Depreciation Software 29 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable 12 Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense 6 Amortization Expense Interest Expense Income Tax Expense Total $ 230 $ 12 8 150 12 191