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how is this wrong? a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site;

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a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. c. Issued additional shares of common stock on April 3 for $27. d. Purchased software on July 4,$11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6,$12. g. Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $154 on December 8 , including $37 on credit and $117 collected in cash. i. Recognized salaries and wages expense on December 9,$82 paid in cash. j. Collected accounts receivable on December 10,$21. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $8. 1. Supplies counted on December 31, 2021, \$12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was \$7. It will be paid in 2022 . Required information C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6] [The following information applies to the questions displayed below] Brothers 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): 8. Prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) \begin{tabular}{|c|c|c|} \hline Land & 80 & \\ \hline Equipment & & \\ \hline Accumulated Depreciation & & 10 \\ \hline Software & 298 & \\ \hline Accumulated Amortization & & 16 \\ \hline Accounts Payable & & 110 \\ \hline Notes Payable (short-term) & & 110 \\ \hline Salaries and Wages Payable & & 110 \\ \hline Interest Payable & & 10 \\ \hline Income Tax Payable & & 70 \\ \hline Common Stock & & 97 \\ \hline Retained Earnings & & 290 \\ \hline Dividends & & 00 \\ \hline Service Revenue & & 154 \\ \hline Salaries and Wages Expense & 11 & \\ \hline Supplies Expense & 20 & \\ \hline Depreciation Expense & 5 & \\ \hline Amortization Expense & 8 & \\ \hline Interest Expense & 1 & \\ \hline Income Tax Expense & 7 & \\ \hline Totais & 193 & 193 \\ \hline \end{tabular}

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