Check my work 7 Part 7 of 9 Required information (The following information applies to the questions displayed below.j 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): Credit eBook Debit $ 2 6 13 @ 70 Print $ 5 15 References Account Titles Cash Accounts Receivable Supplies Land Equipment 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 Salaries and Wages Expense Depreciation Expense Aitortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 5 4 8 3 0 9 83 9 3 9 0 31 9 0 3 $ 106 $ 106 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. SA-Comprehensive Problem (Manual Posting) ( Saved Help Save & Exit Submit Check my work 7 Interest Expense Supplies Expense Totals 0 $ 186 $ 106 Transactions and events during 2021 (summarized in thousands of dollars) follow: Part 7 of 9 9 eBook Print a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. c. Issued additional shares of common stock on April 3 for $24. d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6, $12. 9. Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $180 on December 8, including $50 on credit and $130 collected in cash. 1 Recognized salaries and wages expense on December 9. $95 paid in cash. 1. Collected accounts receivable on December 10, $34. Data for adjusting Journal entries as of December 31: k Unrecorded amortization for the year on software, $5. 1. Supplies counted on December 31, 2021, $12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $13. p. Income tax for the year was $7. It will be paid in 2022. References Required: T accounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the closing entry from Part 7. (Enter your answers in thousands of dollars.) Cash Accounts Receivable Debit Credit Debit Credit Check my work 7 Required: T accounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the closing entry from Part 7. (Enter your answers in thousands of dollars.) Part 7 of 9 Cash Accounts Receivable Credit Credit Debit Beginning Balance Debit Beginning Balance eBook Print Ending Balance Ending Balance References Supplies Land Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Equipment Credit Accumulated Depreciation Debit Beginning Balance Debit Beginning Balance Credit SA-Comprehensive Problem (Manual Posting) A Saved Help Save & Exit Submit Check my work 7 Required information Part 7 of 9 Equipment Credit Credit Debit Beginning Balance Accumulated Depreciation Debit Beginning Balance eBook Ending Balance Ending Balance Software Print Credit Accumulated Amortization Deblt Beginning Balance Debit Beginning Balance Credit References Ending Balance Ending Balance 0 Accounts Payable Debit Credit Notes Payablo (short-term) Debit Beginning Balance Credit Beginning Balance Ending Balance Ending Balance Interest Payable Salaries and Wages Payable Debit Credit Beginning Balance Credit Debit Beginning Balance SA-Comprehensive Problem (Manual Posting) i Savad Help Save & Exlt Submit Check my work 7 Required information Ending Balance Ending Balance Part 7 of 9 Interest Payable Salaries and Wages Payable Debit Credit Beginning Balance Debit Credit Beginning Balance Book Ending Balance Ending Balance Print Income Tax Payable Common Stock Credit Debit Credit Debit Beginning Balance Beginning Balance References Ending Balance Ending Balance Retained Earnings Service Revenue Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance 0 Salaries and Wages Expenso Debit Credit Beginning Balance Depreciation Expense Debit Beginning Balance Credit SA-Comprehensive Problem (Manual Posting) a Saved Help Save & Exit Submit Check my work na 7 Required information Part 7 of 9 Ending Balance Ending Balance 0 Salaries and Wages Expense Debit Credit Beginning Balance Depreciation Expense Debit Beginning Balance Credit eBook Print Ending Balance 0 Ending Balance References Income Tax Expense Amortization Expense Debit Beginning Balance Credit Credit Debit Beginning Balance Ending Balance 0 Ending Balance 0 Interest Expense Supplies Expense Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance 0 0 Ending Balance O