Erothers 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 Debit $4 4 11 50 $ 7 23 S 6 B 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 3 B $92 $ 92 Transactions and events during 2021 (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 $34 d. Purchased software on July 4, $12 cash. e Purchased supplies on account on October 5 for future use. $17 Paid accounts payable on November 6, $14 g. Signed a $30 service contract on November 7 to start February 1 2022 Recorded revenues of $140 on December 8, including $30 on credit and $110 collected in cash Recognized salaries and wages expense on December 9.575 paid in cash Collected accounts receivable on December 10, 514 ELV 1. Collected accounts receivable on December 10, $14. Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on software, $5. Supplies counted on December 31, 2021, $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 2022 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 Credit Credit Accounts Receivable Debit Beginning Balance 4 (h) 301 4 13 140 Debit Beginning Balance la c) fb) @ 34 110 14 710) 12 fid) 140 7510 Ending Balance 20 Ending Balance 67 Land Supplies Credit