Brothers Mike and Tim Hargen began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2017, follows:

Account Titles	Debit				Credit
Cash		5,000
Accounts receivable		4,000
Supplies		13,000
Land
Equipment		80,000
Accumulated depreciation (on equipment)						10,000
Other assets (not detailed to simplify)		9,000
Accounts payable
Wages payable
Interest payable
Income taxes payable
Long-term notes payable
Common stock (8,000 shares, $.50 par value)						4,000
Additional paid-in capital						82,000
Retained earnings						15,000
Service revenue
Depreciation expense
Supplies expense
Wages expense
Interest expense
Income tax expense
Remaining expenses (not detailed to simplify)
Totals		111,000				111,000

Transactions during 2017 follow:

Borrowed $24,000 cash on a 5-year, 10 percent note payable, dated March 1, 2017.

Purchased land for a future building site on March 15, 2017; paid cash, $13,000.

Earned $231,000 in revenue. Transactions dated August 30, 2017 , including $51,000 on credit and the rest in cash.

Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2017.

Incurred $118,000 in remaining expenses for 2017, invoices dated October 15, 2017, including $22,000 on credit and the rest paid in cash.

Collected accounts receivables on November 10, 2017, $36,000.

Purchased other assets on November 15, 2017, $13,000 cash.

Purchased supplies on account for future use on December 1, 2017, $25,000.

Paid accounts payable on December 15, 2017, $24,000.

Signed a three-year $31,000 service contract on December 17, 2017 to start February 1, 2018.

Declared and paid cash dividends on December 20, 2017, $23,000.

Data for adjusting entries:

Supplies counted on December 31, 2017, $16,000.

Depreciation for the year on the equipment, $12,000.

Interest accrued on notes payable (to be computed).

Wages earned by employees since the December 24 payroll but not yet paid, $15,000.

Income tax expense, $11,000, payable in 2018.

3. Post the journal entries for transactions (a) through (k) and adjusting entries for transactions (l) through (p) to the respective T-Accounts.