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Hi! I need help with what I am missing in this T-Account. All the information is below but I think it is something in the
Hi! I need help with what I am missing in this T-Account. All the information is below but I think it is something in the adjusted balances that I am missing. Thanks!
[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, 2013. The annual reporting period ends December 31. The trial balance on January 1, 2015, follows (the amounts are rounded to thousands of dollars to simplify) Debit Credit Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated 6 13 0 61 Depreciation 15 Software Accumulated Amortization Accounts Payable Notes Payable (short- 0 term) Salaries and Wages 0 Payable 0 0 73 Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages 0 Expense Depreciation 0 Expense Amortization Expense Income Tax Expense O Interest Expense Supplies Expense 0 Totals $97 $97
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