Chapter 4 Homework i Help 13 Part 1 of 1 0.25 points Land 62 10 [The following information applies to the questions displayed below.) Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018. follows the amounts are rounded to thousands of dollars to simplify: Account Titles Debit Credit Cash 54 Accounts Receivable 4 Supplies 11 Equipment Accumulated Depreciation $7 Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Mages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 599 399 7 6 0 0 B er 4 Homework Seved Help 3 of 12 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b Purchased land on March 2 for future building site, paid cash, $7. c. Issued additional shares of common stock on April 3 for $25 d. Purchased software on July 4, $12 cash. e Purchased supplies on account on October 5 for future use. $17. Pald accounts payable on November 6. $14. 9. Signed a $30 service contract on November 7 to start February 1, 2019 h. Recorded revenues of $164 on December 8, including $42 on credit and $122 collected in cash. Recognized salaries and wages expense on December 9, 587 paid in cash Collected accounts receivable on December 10, $26. Data for adjusting journal entries as of December 31 k Unrecorded amortization for the year on software, $7. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, S7 n. Interest of $2 to accrue on notes payable o: Salaries and wages damned but not yet paid or recorded, $11 p. Income tax for the year was $9. It will be paid in 2019, 0 14:20 Book brences Required: 2. Record journal entries for transactions (a) through. Of 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.) Homework Saved Hel 13 Required information View transaction list Part 1 of 12 Journal entry worksheet 2 3 4 025 points 1 5 6 7 8 9 10 > 01:14:01 Record $13 cash borrowed on March 1 using a short-term note. Book Nobel Entor debits before credits References Transaction General Journal Debit Credit a Record entry Clear entry View eral journal 13 Required information View transaction list Part 1 of 12 Journal entry worksheet 0.25 points 3 4 5 67 8 9 10 > 011350 Record land purchased on March 2 for future building site; paid cash, $7. Book Noter Enter debits before credits References General Joumal Debit Credit Transaction b. Record entry Clear entry View general Journal 13 Required information View transaction list Part 1 of 12 Journal entry worksheet 2 0.25 points 4 5 6 7 8 9 10 00:40 Record additional shares of common stock issued on April 3 for $25. Book Note: Enter debts before credits Rulorences Transaction General Joumal Debit Credit Record entry Clear entry View general Journal Part 1 of 12 Journal entry worksheet 1 2 3 0.25 points 5 6 7 8 9 10 > 8 0020 Record software purchased on July 4, $12 cash. Book Note Enter debits before credits Durances Transaction d General Journal Dobit Credit Record entry Clear entry View general al Grow Prev 13 14 15 24 13 Required information View transaction list Part 1 of 12 Journal entry worksheet 8 03:56 Record supplies purchased on account on October 5 for future use, $17. eBook Note Enter debits before credits References Transaction General Journal Debit Credit Record entry Claremby View general mal ME G View transaction list Part 1 of 12 Journal entry worksheet 025 points 5 6 7 8 9 10 > O: Record accounts payable paid on November 6, $14. Book Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Part 1 of 12 Journal entry worksheet 0.25 points 5 6 8 9 10 > 8 01250 Record the $30 service contract signed on November 7 to start February 1, 2019. BOOK Nota: Enter debits before credits References Transaction General Journal Dobit Credit Record entry Clear entry View general Journal View transaction list Part 1 of 12 Journal entry worksheet 0.25 points 5 6 7 9 10 e 01239 Record revenues of $164 on December 8, including $42 on credit and $122 collected in cash. Book Note: Enter debits before credits References Transaction General Journal Debat Credit Record entry Clear entry View general Journal View transaction list Part 1 of 12 6 8 10 > 0.25 points Journal entry worksheet 2 3 4 5 7 Record salaries and wages expense recognized on December 9, $87 paid in cash. 8 1228 Book Note Enter debits before credits Ruforences Transaction General Journal Dobil Credit Record entry Clear entry View general journal View transaction Part 1 of 12 Journal entry worksheet 5 6 7 8 9 11 > 0.25 points Record accounts receivable collected on December 10, $26. 01:12 Book Note Enter debits before credits Rullorence Transaction General Journal Debit Credit Record entry Clear entry View general journal