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C 4 - 2 ( Algo ) From Recording Transactions ( Including Adjusting Journal Entries ) to Preparing Financial Statements and Closing Journal Entries (
CAlgo From Recording Transactions Including Adjusting Journal Entries to Preparing Financial Statements and Closing Journal Entries Chapters and LO LO LO LO LO LO LO LO The following information applies to the questions displayed below. Brothers Harry and Herman Hausyerday began operations of their machine shop H H Tool, Incorporated on January The annual reporting period ends December The trial balance on January follows the amounts are rounded to thousands of dollars to simplify: Account Titles,Debit,CreditCashAccounts Receivable,SuppliesLandEquipmentRequired Information
CAlgo From Recording Transactions Including Adjusting Journal Entries to Preparing Financial
Statements and Closing Journal Entries Chapters and LO LO LO LO LO LO
O O
The following information applies to the questions displayed below.
Brothers Harry and Herman Hausyerday began operations of thelr machine shop & Tool, Incorporated on January
The annual reporting perlod ends December The trlal balance on January follows the amounts are
rounded to thousands of dollars to simplify:
Transactions and events during summarlzed in thousands of dollars follow:
a Borrowed $ cash on March using a shortterm note.
b Purchased land on March for future bullding site; pald cash, $
c Issued additional shares of common stock on April for $
d Purchased software on July $ cash.
e Recelved supplies on account on October for future use, $
Pald accounts payable on November $
g Signed a $ service contract on November to start February
h Recorded revenues of $ on December Including $ on credit and $ collected in cash.
I. Recognized salarles and wages expense on December $ pald in cash.
j Collected accounts recelvable on December $
Data for adjusting journal entrles as of December :
Unrecorded amortization for the year on software, $
I. Supplies counted on December $
Depreclation for the year on the equipment, $
n Interest of $ to accrue on notes payable.
o Salarles and wages earned but not yet paid or recorded, $
p Income tax for the year was $ It will be pald in Required Information
CAlgo From Recording Transactions Including Adjusting Journal Entries to Preparing Financial
Statements and Closing Journal Entries Chapters and LO LO LO LO LO LO
O O
The following information applies to the questions displayed below.
Brothers Harry and Herman Hausyerday began operations of thelr machine shop & Tool, Incorporated on January
The annual reporting perlod ends December The trlal balance on January follows the amounts are
rounded to thousands of dollars to simplify:
Transactions and events during summarlzed in thousands of dollars follow:
a Borrowed $ cash on March using a shortterm note.
b Purchased land on March for future bullding site; pald cash, $
c Issued additional shares of common stock on April for $
d Purchased software on July $ cash.
e Recelved supplies on account on October for future use, $
Pald accounts payable on November $
g Signed a $ service contract on November to start February
h Recorded revenues of $ on December Including $ on credit and $ collected in cash.
I. Recognized salarles and wages expense on December $ pald in cash.
j Collected accounts recelvable on December $
Data for adjusting journal entrles as of December :
Unrecorded amortization for the year on software, $
I. Supplies counted on December $
Depreclation for the year on the equipme
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