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Hi there!..I need an answer for these, Balance Sheet, Closing Entry, Post-Closng Trial Balance and Evaluate the Financial Analysis performance of H & H Tools,

Hi there!..I need an answer for these,
Balance Sheet, Closing Entry,
Post-Closng Trial Balance and Evaluate the Financial Analysis performance of H & H Tools, Inc.
thank you. image text in transcribed
image text in transcribed
4-2 From Recording Transactions (uncluding Adjusting Joumal Entries) to Preparing Financial Statements and Closing Joumal Ertries (Chapters 2, 3, and 4) Brothers Harry and Herman Hausyerday began operations of their machine shop (H \& H Tool, inc.) on January 1, 2020. The annual reporting period ends December 31 . The trial balance on fanuary 1,2021, follows (the amounts are rounded to thousands of dollars to simplify): tments, Financial Statements, and Financial Results Trancactions and events during 2021 (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 $23. d. Purchased software on July 4,$10 cash. c. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13. 8. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. 4. Recognized salaries and wages expense on December 9,$85 paid in cash. j. Collected accounts receivable on December 10, \$24. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $5. 1. Supplies counted on December 31,2021,$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. a. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022 . Required

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