I have started, but am getting lost/confused. Please answer all questions and correct my errors, if any. thank you!!!!

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: Credit Debit $ 3 5 12 0 58 $6 16 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 7 5 0 0 0 0 68 0 Totals $94 $94 Transactions during 2015 (summarized in thousands of dollars) follow: 1. Borrowed $12 cash on a six-month note payable dated March 1, 2015 2. Purchased land for future building site: paid cash, $9. 3. Earned revenues for 2015, $156, including $38 on credit and $118 collected in cash. 4. Issued additional shares of stock for $3. 5. Recognized salaries and wages expense for 2015, $83 paid in cash. 6. Collected accounts receivable, $22. 7. Purchased software, $10 cash. 8. Pald accounts payable, $13 9. Purchased supplies on account for future use. $18. 10. Signed a $25 service contract to start February 1, 2016 Data for adjusting journal entries: 11. Unrecorded amortization for the year on software. $7. 12. Supplies counted on December 31, 2015, $10. 13. Depreciation for the year on the equipment, $6. 14. Accrued interest of $1 on notes payable. 15. Salaries and wages earned but not yet paid or recorded, $12. 16. Income tax for the year was $8. It will be paid in 2016, 1. value: 10.00 points Required: 2. Record journal entries for transactions (1) through (10). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 12 Cash Notes Payable (short-term) 12 2 2 9 Land Cash 9 3 3 Cash Accounts Receivable Service Revenue 118 38 156 4 4 Cash Common Stock 3 3 5 5 Salaries and Wages Expense Cash 83 83 09 6 Cash 22 Accounts Receivable 22 7 7 Software Cash 10 10 8 8 Accounts Payable Cash 13 13 9 9 Supplies Accounts Payable 18 18 10 10 No Journal Entry Required 2. value 5.00 points 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions 1-10, adjusting entries 11-16, and closing entry. (Enter your answers in thousands of dollars.) Accounts Receivable Beg Bal 3 38 Cash Beg, Bal 10 835. 3. 1181107 14. 6. 122 End. Bal 43 End. Bal Supplies Land Beg. Bal 19. 181 Beg. Bal. 2 End. Bal 30 End. Bal 9 Equipment Beg Bal Accumulated Depreciation Equipment Beg Bar End. Bal 581 End. Bal 6 Software 16 Beg Bal 7 Beg Bal Accumulated Amortization 0 10 End. Bat. 26 End Bal Accounts Payable Notes Payable Beg. Bal 8 Beg. Bar 13 End. Bal 8 End. Bal Salaries and Wages Payable Beg Bal Interest Payable Beg. Bal 0 End Bal End, Bal Income Tax Payable Beg Bal Beg. Bal Common Stock 0 0 End Bar End Bal 68 Common Stock Income Tax Payable 0 0 Beg. Bal. Beg. Bal. 68 0 0 68 End. Bal End. Bal. Retained Earnings Service Revenue Beg. Bal. 8 0 Beg. Bal. CE1 156 1563. End. Bal. 8 End. Bal. Amortization Expense Depreciation Expense 0 0 Beg. Bal. 13. Beg. Bal 11 6 6CE1 7CE1 End. Bal. End. Bal. Income Tax Expense 0 Interest Expense 0 Beg. Bal. Beg. Bal. 16. 8 8 CE1 14. 1 CE1 End. Bal. End. Bal. Salaries and Wages Expense 0 Supplies Expense 0 Beg. Bal. 5. Beg. Bal. 12. 20 20 CE1 83 12 15. 95 CE1 End. Bal. End. Bal. 3. value: 5.00 points 3. Post the journal entries from requirement 2 to T-accounts and prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H&H TOOL, INC. Unadjusted Trial Balance At December 31, 2015 (in thousands) Account Titles Debit Credit Cash $ 52 43 30 9 58 26 7 81 0 0 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 Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals 0 0 68 8 156 95 20 6 1 8 234 $ $ 367 4. value: 5.00 points 4. Record the adjusting journal entries (11) through (16). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list View Journal entry worksheet No Transaction Debit Credit 11 General Journal Amortization Expense Accumulated Amortization 7 7 2 12 Supplies Expense Supplies 20 20 3 13 Depreciation Expense Accumulated Depreciation 6 6 4 14 Interest Expense Interest Payable 1 5 15 Salaries and Wages Expense Salaries and Wages Payable 12 12 6 16 Income Tax Expense Income Tax Payable 8 8 5. value: 5.00 points 5. Post the adjusting entries from requirement 4 and prepare an adjusted trial balance. (Enter your answers in thousands of dollars.) Credit 9 12 H&H TOOL, INC. Adjusted Trial Balance At December 31, 2015 (in thousands) Debit Cash Accounts Receivable 21 Supplies 10 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 Supplies Expense Depreciation Expense Amortization Expense Interest Expense Income Tax Expense 8 Total $ 49 8 $ 20 6. value: 5.00 points 6.a Prepare an income statement. H&H TOOL, INC. Income Statement (in thousands) 6.b Prepare a statement of retained earnings. H&H TOOL, INC. Statement of Retained Earnings (in thousands) Balance, January 1, 2015 Balance, December 31, 2015 6. Prepare balance sheet. (Amounts to be deducted should be indicated by a minus sign.) HATO 6.c Prepare balance sheet. (Amounts to be deducted should be indicated by a minus sign.) H&H TOOL, INC. Balance Sheet (in thousands) Equipment Software 7. value: 5.00 points 7. Prepare the closing journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) View transaction list Journal entry worksheet