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eck my work mode: This shows what is correct or incorrect for the work you have completed so far Required information [The following information applies

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eck my work mode: This shows what is correct or incorrect for the work you have completed so far Required information [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 $ 3 Accounts Receivable 5 Supplies 12 Land Equipment 52 Accumulated Depreciation SG Software 22 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payablo Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Jumortization Expenso Income Tax Expense Interest Expense Supplies Expense Totals 8 5 ODO 0 62 8 0 0 0 0 O $94 594 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site: paid cash. $9. c. Issued additional shares of common stock on April 3 for $32. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use. $18. Pald accounts payable on November 6, $13. 9. Signed a $25 service contract on November 7 to start February 1, 2019 h. Recorded revenues of $144 on December 8, including $32 on credit and $112 collected in cash, Recognized salaries and wages expense on December 9, $77 paid in cash 1. Collected accounts receivable on December 10. $16. Data for adjusting journal entries as of December 31: k. Unrecorded amortization the year on software, $8. o. Saiaries ana wages earned but not yet paid or recordea, 12. p. Income tax for the year was $8. It will be paid in 2019. 8. Post the closing entry from requirement 7 and prepare a post-closing trial balance. (Enter y Answer is complete but not entirely correct. H&H TOOL, INC. Post-Closing Trial Balance At December 31, 2018 (In thousands) Account Titles Debit Credit Cash $ 66 Accounts Receivable 21 Supplies 10 Land 9 Equipment 52 Accumulated Depreciation 12 Software 32 Accumulated Amortization 16 Accounts Payable 10 Notes Payable (short-term) 12 Salaries and Wages Payable 12 Interest Payable 1 Income Tax Payable 8 Common Stock 99 Retained Earnings 12 X Dividends 8 Service Revenue 0 Salaries and Wages Expense 0 Supplies Expense 0 Depreciation Expenso o Amortization Expense O Interest Expense 0 Income Tax Expense 0 Totals $ 190 $ 182

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