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] Skip to question [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 Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 66 Accumulated Depreciation $ 6 Software 21 Accumulated Amortization 6 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 82 Retained Earnings 8 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $ 107 $ 107 Transactions and events during 2021 (summarized in thousands of dollars) follow: Borrowed $12 cash on March 1 using a short-term note. Purchased land on March 2 for future building site; paid cash, $9. Issued additional shares of common stock on April 3 for $29. Purchased software on July 4, $10 cash. Purchased supplies on account on October 5 for future use, $18. Paid accounts payable on November 6, $13. Signed a $25 service contract on November 7 to start February 1, 2022. Recorded revenues of $172 on December 8, including $46 on credit and $126 collected in cash. Recognized salaries and wages expense on December 9, $91 paid in cash. Collected accounts receivable on December 10, $30. Data for adjusting journal entries as of December 31: Unrecorded amortization for the year on software, $6. Supplies counted on December 31, 2021, $10. Depreciation for the year on the equipment, $6. Interest of $1 to accrue on notes payable. Salaries and wages earned but not yet paid or recorded, $12. Income tax for the year was $8. It will be paid in 2022. C4-2 (Algo) Part 4 Required: Record the adjusting journal entries (k) through (p). (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.)