HUD Save & Exit Submit Check my work 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): Debit $ 4 Credit 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 OOOOM Transactions and events during 2018 (summarized in thousands of dollars) follow a. Borrowed $13 cash on March 1 using a short term note. 3. Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H&H TOOL, INC. Unadjusted Trial Balance (in thousands) Debit C.Tait 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 Taxes Payable Common Stock Saved -nsive Problem (Manual Posting) i Required information Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals MacBook ehensive Problem (Vanuary Required information H & H TOOL, INC. Income Statement (in thousands) Reg GA Req MacBook mprehensive Problem (Manual Posting) Help Save & Exit Sul Check my wor 8. Post the closing entry from requirement 7 and prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) B of 9 H&H TOOL, INC. Post-Closing Trial Balance Debit Credit eBook Print (in thousands) 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 Check P.TIILOM LdX TUI ile yedi was D. IL WIII De Palu lll2 of 9 9-a. How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Reg 9A Reg 9B Req9C How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? (Enter "Net Income" in thousands of dollars. Round "Net Profit Margin" to 1 decimal place.) Net Income Net Profit Margin RODA Reg 9B > 9-a. How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margi 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Reg 9A Req 9B Req 9C What is its current ratio? (Enter your answers in thousands of dollars.) Current Ratio Numerator Denominator
