C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financlal Statements and Closing Journal Entries (Chapters 2, 3, and 4) Brothers Harry and Herman Hausyerday began operations of their machine shop (H \& H Tool. Inc.) on Janaary 1, 2020. The anuual reporting period ends December 31. The trial balance on January 1,2021, follows (the amounts ase rounded to thousands of dollars to sinplify). A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks. Instructions: - To complete the requirements for final assessment, refer to the H&H Tool, Inc.'s given information from Problem C4-2 in your Textbook (pages 203-204). - Remember the following in order to answer the requirements: - Do not include the dollar sign - Do not include the penny value. Round the numbers to the nearest whole number - Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850 - If your answer is negative, place the amount in @ parenthesis/bracket. Example: (2,550) C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financlal Statements and Closing Journal Entries (Chapters 2, 3, and 4) Brothers Harry and Herman Hausyerday began operations of their machine shop (H \& H Tool. Inc.) on Janaary 1, 2020. The anuual reporting period ends December 31. The trial balance on January 1,2021, follows (the amounts ase rounded to thousands of dollars to sinplify). A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks. Instructions: - To complete the requirements for final assessment, refer to the H&H Tool, Inc.'s given information from Problem C4-2 in your Textbook (pages 203-204). - Remember the following in order to answer the requirements: - Do not include the dollar sign - Do not include the penny value. Round the numbers to the nearest whole number - Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850 - If your answer is negative, place the amount in @ parenthesis/bracket. Example: (2,550)