Date Transaction 4 1. 12/1/15 Borrowed $12,000 cash on a six-month note payable dated March 1, 2015 5 2. 12/2/15 Purchased land for future building site aid cash, $9,000 3. 12/3/15 Puchased 1,000 table saws for $400,000; terms n30 4. 12/4/15 sold 300 table saws for $178,000, including $49,000 on credit and $129,000 collected in cash. 8 5. 12/5/15 Issued additional 500 shares of $1 par value stock for $3,000. 10 6. 12/5/15 Recognized salaries and wages expense for 2015, $50,000 paid in cash 7. 12/10/15 paid cash for inventory purchase on 12/3/15 11 8. 12/15/15 collected accounts receivable, $33,000. 12 9. 12/16/15 Purchased software, $10,000 cash 13 10. 12/18/15 Purchased supplies on account for future use, $18,000. 14 11. 12/20/16 Paid accounts payable, $13,000 15 16 17 H & H Tool, Inc., data for adjusting entries 19 1. 12/31/15 supplies counted on December 31, 2015, $10,000. 20 2. 12/31/15 Depreciation for the year on equipment, $6,000 21 T 3. 12/31/15 Accrued interest of $1,000 on notes payable 22 4. 12/31/15 salaries and wages earned but not yet paid or recorded, $12,000. 3 5. 12/31/15 Income tax for the year was $8,000. It will be paid in 2016. Transactions Beginning Account Balances Chart of Accounts Genera