Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H \& H Tool) on January 1,1987 , in Meadville, PA. The annual reporting period ends December 31. Assume that the trial balance on January 1, 2023, was as follows: Transactions during 2023 follow. All dollars are in millions, except per share amounts: Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed \$15 cash on a five-year, 8 percent note payable, dated March 1, 2023. b. Sold 4 million additional shares of common stock for cash at \$1 market value per share on January 1, 2023. c. Purchased land for a future building site; paid cash, \$13. d. Earned $215 in revenues for 2023 , including $52 on credit and the rest in cash. e. Incurred $89 in wages expense and $25 in miscellaneous expenses for 2023 , with $20 on credit and the rest paid in cash. f. Collected accounts receivable, \$34. g. Purchased other noncurrent assets, \$15 cash. h. Purchased supplies on account for future use, $27. i. Paid accounts payable, \$26. j. Declared cash dividends on December 1,$25. k. Signed a three-year $33 service contract to start February 1,2024. I. Paid the dividends in ()) on December 31. Data for adjusting entries (amounts in millions): m. Supplies counted on December 31, 2023, \$18. n. Depreciation for the year on the equipment, \$10. o. Interest accrued on notes payable (to be computed). p. Wages earned by employees since the December 24 payroll but not yet paid, $16. q. Income tax expense, \$11, payable in 2024. Each journal entry is posted automatically to the general ledger. Use the drop-down box below to view the unadjusted, adjusted, or post-closing balances in the General Ledger. You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted Use the drop-downs to select the accounts that should be properly included on the statement of stockholders' equity and enter the appropriate amounts. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rather than in dollars (for example, 5 million should be entered as 5 rather than 5,000,000 ). Unadjusted Identify the type of transaction for (a) through (k) for the statement of cash flows and the direction and amount of the effect. Note: List cash outflows as negative amounts. For transactions with no effect, choose "No effect". Enter your answers in millions rather than in dollars (for example, 5 million should be entered as 5 rather than 5,000,000 ). Compute the applicable ratios shown below for 2023. Note: Round your answers for a. and b. to 2 decimal places. Enter your answer for c. as a whole percentage rounded to one decimal place (i.e. 0.288 should be entered as 28.8 )
