C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6] [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 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): Account Titles Cash Accounts Receivable Supplies Land Equipment Debit $ 3 Credit 5 19 12 2059 55 $ 6 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term): Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salarien and Wagen Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense. 0 0 0 0 Supplies Expense Totals. 0 70 B 0 $ 94 $ 94 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Record $12 cash borrowed on March 1 using a short-term note. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 10 Record land purchased on March 2 for future building site; paid cash, $9. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general Journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 4 5 6 7 8 9 10 Record additional shares of common stock issued on April 3 for $29. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general Journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 A 5 6 7 8 Record software purchased on July 4, $10 cash. Note: Enter debits before credits, Transaction d. 6 10 10 General Journal Debit Credit Record entry Clear entry View general journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Record supplies purchased on account on October 5 for future use, $18. Note: Enter debits before credits. Transaction General Journal Debit Credit View general Journal Record entry Clear entry 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 B 7 8 Record accounts payable paid on November 6, $13. Note: Enter debits before credits. Transaction f. 6 10 10 General Journal Debit Credit Record entry Clear entry View general journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 74 8 9 10 Record the $25 service contract signed on November 7 to start February 1, 2022. Note: Enter debits before credits. Transaction g General Journal Debit Credit Record entry Clear entry View general journal 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 9 10 Record revenues of $150 on December 8, including $35 on credit and $115 collected in cash. Note: Enter debits before credits. Transaction h. General Journal Debit Credit View general Journal Record entry Clear entry 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 6 10 10 Record salaries and wages expense recognized on December 9, $80 paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry 2. Record journal entries for transactions (a) through (). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record accounts receivable collected on December 10, $19. Note: Enter debits before credits. Transaction. 6 9 General Journal Debit Credit Record entry Clear entry View general Journal