Help Save & Exh Check 14 art 2 of 25 3 [The following information applies to the questions displayed below) Brothers Harry and Herman Housyerday began operations of their machine shop (H&H Tool, Inc) on January 1, 2016. The thousands of dollars to simplify: annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to Account Titles Debit Credit Cash Accounts Receivable 4 Supplies 11 Land Equipment 62 Accumulated Depreciation Software 18 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained tarnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 599 $99 7 6 0 ook Check 14 art 2 of 12 25 Dints 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, 57 c. Issued additional shares of common stock on April 3 for $25 d. Purchased software on July 4, 512 cash e. Purchased supplies on account on October 5 for future use, $17 Pald accounts payable on November 6, 514 9. Signed a $30 service contract on November 7 to start February 1, 2019 h Recorded revenues of $164 on December 8, including $42 on credit and $122 collected in cash iRecognized salaries and wages expense on December 9, $87 paid in cash Collected accounts receivable on December 10, $26. Dato for adjusting journal entries as of December 31 k. Unrecorded amortization for the year on software, $7. 1. Supplies counted on December 31, 2018, S11 m Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable o Salaries and wages eamed but not yet paid or recorded, $11 p. Income tax for the year was $9. It will be paid in 2019 Ot 11:31 Book References 1, 3, 5 and 8. Set up Taccounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a adjusting entries (), and closing entry. (Enter your answers in thousands of dollars.) Check 14 p. Income tax for the year was $9. It will be paid in 2019, Part 2 of 2 1,3,5 and 8. Set up Taccounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a. adjusting entries (-p), and closing entry (Enter your answers in thousands of dollars.) 0.25 points Cash Accounts Rewable Beg Bad Beg Bal 0111 ook End Bal References End Dal Supplies Land Beg Bal Beg Bal End Bal End Dal Equipment Accumulated Depreciation Part 2 of 2 Beg Bal Beg Bal End. Bal End. But 0.25 points Software Accumulated Amortization SOS Beg Bal Beg Bal Book End Bal References End Bal Accounts Payable Nos Payable short term Beg Bal Beg Bal End Bal End Bal Salanes and Wages Payable Therese Paya Dag Bal Part 2 of 2 Beg End. Bal End. 0.25 points Income Tax Payable Common Stock SOAT Beg Bal Beg B DOOR End. Bol End OM Rolerance Retained Earnings Service Revente Degal Beg B End Bal End DM Salaries and Wages Expense Depreciation Expense Beg Bal Beg BM Salaries and Wages Expense Part 2 of 12 Depreciation Expense Beg Bal Beg Bal 0.25 points 01103 End. Bal End Bal Ainortization Experise Book Income Tax Expense Beg Bal Beg Bail References End Bal End Bal Interest Expense Supplies Expense Beg. Bal Beg Bal End Bal End Bar 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: 2 Debit Credit $4 4 11 62 23 18 6 os 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 Comon Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 72 7 $99 $99 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 $25. 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 $164 on December 8, including $42 on credit and $122 collected in cash. i. Recognized salaries and wages expense on December 9, $87 paid in cash. 1. Collected accounts receivable on December 10, $26. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $7. 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, $11. p. Income tax for the year was $9. It will be paid in 2019. Cash Accounts Receivable Beg. Bal Beg. Bal. 30 End. Bal End. Bal Supplies Land Beg. Bal Beg Bal. End Bal End Bal Salanes and Wages Payable Therese Paya Dag Bal Part 2 of 2 Beg End. Bal End. 0.25 points Income Tax Payable Common Stock SOAT Beg Bal Beg B DOOR End. Bol End OM Rolerance Retained Earnings Service Revente Degal Beg B End Bal End DM Salaries and Wages Expense Depreciation Expense Beg Bal Beg BM Salaries and Wages Payable Interest Payable Beg. Bal Beg. Bal. End. Bal. End. Bal. Income Tax Payable Common Stock Beg. Bal. Beg Bal End. Bal End Bal Retained Earnings Service Revenue Beg. Bal Beg Bal End Bal End Bal Salanes and Wages Expense 2 of 12 Beg. Bal Beg Bal 5 ats 00:52:30 End Bal End Bal Amortization Expense Income Tax Expense Book Beg Bal Beg Bal References End Bal End. Bal Interest Expense Supplies Expenso Beg Bal. Beg Bad End. Bal End, Bal 0 Help Save & Exh Check 14 art 2 of 25 3 [The following information applies to the questions displayed below) Brothers Harry and Herman Housyerday began operations of their machine shop (H&H Tool, Inc) on January 1, 2016. The thousands of dollars to simplify: annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to Account Titles Debit Credit Cash Accounts Receivable 4 Supplies 11 Land Equipment 62 Accumulated Depreciation Software 18 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained tarnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 599 $99 7 6 0 ook Check 14 art 2 of 12 25 Dints 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, 57 c. Issued additional shares of common stock on April 3 for $25 d. Purchased software on July 4, 512 cash e. Purchased supplies on account on October 5 for future use, $17 Pald accounts payable on November 6, 514 9. Signed a $30 service contract on November 7 to start February 1, 2019 h Recorded revenues of $164 on December 8, including $42 on credit and $122 collected in cash iRecognized salaries and wages expense on December 9, $87 paid in cash Collected accounts receivable on December 10, $26. Dato for adjusting journal entries as of December 31 k. Unrecorded amortization for the year on software, $7. 1. Supplies counted on December 31, 2018, S11 m Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable o Salaries and wages eamed but not yet paid or recorded, $11 p. Income tax for the year was $9. It will be paid in 2019 Ot 11:31 Book References 1, 3, 5 and 8. Set up Taccounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a adjusting entries (), and closing entry. (Enter your answers in thousands of dollars.) Check 14 p. Income tax for the year was $9. It will be paid in 2019, Part 2 of 2 1,3,5 and 8. Set up Taccounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a. adjusting entries (-p), and closing entry (Enter your answers in thousands of dollars.) 0.25 points Cash Accounts Rewable Beg Bad Beg Bal 0111 ook End Bal References End Dal Supplies Land Beg Bal Beg Bal End Bal End Dal Equipment Accumulated Depreciation Part 2 of 2 Beg Bal Beg Bal End. Bal End. But 0.25 points Software Accumulated Amortization SOS Beg Bal Beg Bal Book End Bal References End Bal Accounts Payable Nos Payable short term Beg Bal Beg Bal End Bal End Bal Salanes and Wages Payable Therese Paya Dag Bal Part 2 of 2 Beg End. Bal End. 0.25 points Income Tax Payable Common Stock SOAT Beg Bal Beg B DOOR End. Bol End OM Rolerance Retained Earnings Service Revente Degal Beg B End Bal End DM Salaries and Wages Expense Depreciation Expense Beg Bal Beg BM Salaries and Wages Expense Part 2 of 12 Depreciation Expense Beg Bal Beg Bal 0.25 points 01103 End. Bal End Bal Ainortization Experise Book Income Tax Expense Beg Bal Beg Bail References End Bal End Bal Interest Expense Supplies Expense Beg. Bal Beg Bal End Bal End Bar 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: 2 Debit Credit $4 4 11 62 23 18 6 os 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 Comon Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 72 7 $99 $99 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 $25. 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 $164 on December 8, including $42 on credit and $122 collected in cash. i. Recognized salaries and wages expense on December 9, $87 paid in cash. 1. Collected accounts receivable on December 10, $26. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $7. 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, $11. p. Income tax for the year was $9. It will be paid in 2019. Cash Accounts Receivable Beg. Bal Beg. Bal. 30 End. Bal End. Bal Supplies Land Beg. Bal Beg Bal. End Bal End Bal Salanes and Wages Payable Therese Paya Dag Bal Part 2 of 2 Beg End. Bal End. 0.25 points Income Tax Payable Common Stock SOAT Beg Bal Beg B DOOR End. Bol End OM Rolerance Retained Earnings Service Revente Degal Beg B End Bal End DM Salaries and Wages Expense Depreciation Expense Beg Bal Beg BM Salaries and Wages Payable Interest Payable Beg. Bal Beg. Bal. End. Bal. End. Bal. Income Tax Payable Common Stock Beg. Bal. Beg Bal End. Bal End Bal Retained Earnings Service Revenue Beg. Bal Beg Bal End Bal End Bal Salanes and Wages Expense 2 of 12 Beg. Bal Beg Bal 5 ats 00:52:30 End Bal End Bal Amortization Expense Income Tax Expense Book Beg Bal Beg Bal References End Bal End. Bal Interest Expense Supplies Expenso Beg Bal. Beg Bad End. Bal End, Bal 0