Check my work (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): Debit Credit $ 4 11 0 56 17 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 Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 68 7 $92 $92 Transactions and events during 2018 (summarized in thousands of dollars) follow: Saved Help Save & Exit SE Check my w Totals $92 $92 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 $28. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use. $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $152 on December 8, including $36 on credit and $116 collected in cash. 1. Recognized salaries and wages expense on December 9, $81 paid in cash. J. Collected accounts receivable on December 10, $20. Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on software, $4. 1. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded. $13. p. Income tax for the year was $9. It will be paid in 2019. 1,3,5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (@)-0). adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.) Required information Cash Accounts Receivable Beg. Bal. 4 Beg. Bal. 4 13 7 (6) (n) 36 200 28 (c) (h) 16) 12(d) 140 116 20 810 End. Bal. 20 End, Bal. 67 Land Supplies 11 Beg. Bal. 0 Beg. Bat. (b) 17 1710) 7 End. Bal. 11 End. Bal. 7 Equipment 56 Accumulated Depreciation Beg. Bal. Beg. Bal 7 (m) Required Information Equipment 56 Accumulated Dopreciation 7 Beg. Bal. Beg. Bal. 7 fm) End. Bal. 56 End. Bal. 14 52 Accumulated Amortization Software 17 Beg Bal Beg. Bal. (d) 12 4 (K) End. Bal. 29 End, Bal 8 es Accounts Payable Beg. Bal. 6 Beg. Bal. Notes Payable (short-term) 0 13(a) 14 17(e) End. Bal. 9 End. Bal 13 Salaries and Wages Payable 0 Interest Payable Beg. Bal Beg. Bal. 0 Required information Interest Payable Salaries and Wages Payable 0 0 Beg. Bal. Beg. Bal 13 (o 2 (n) 2 13 End. Bal. End. Bal. Common Stock Income Tax Payable 68 0 Beg. Bal. Beg. Bal. 28 (c) 9 (P) 96 9 End. Bal. End. Bal. Retained Earnings 7 Service Revenue 0 152 Beg. Bal. Beg. Bal. 19 CE1 CE1 152 (h) 0 End. Bal. 26 End. Bal. Salaries and Wages Expense Depreciation Expense 0 0 Beg. Bal. Beg. Bal. ma 7 7C1 21 ACE1 im Che Required information Salaries and Wages Expense 0 Depreciation Expense Beg. Bal. 10) plo) Beg. Bal (m) 81 94 CE1 7 7CE1 13 20 End. Bal. 0 End. Bal. 0 Amortization Expense Income Tax Expenso Beg Bal 0 0 Beg. Bal. (p) (k) 4CE1 9 9 CE1 End. Bal. End. Bal. 0 Interest Expense 0 Supplies Expense 0 Beg. Bal. (n) Beg. Bal (0) 2 2CE1 17 17 CE1 End, Bal. 0 End. Bal 0