iA. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks. Instructions: o To complete the requirements for final assessment, refer to the H & H Tool, Inc.'s given information from Problem C4-2 in your Textbook (pages 203-204). o Remember the following in order to answer the requirements: Do not include the dollar sign Do not include the penny value. Round the numbers to the nearest whole number Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850 If your answer is negative, place the amount in parenthesis/bracket. Example: (2,550)

A. Preparation of the following: 1. Journal Entry 2. Adjusting Journal Entry 3. Adjusted Trial Balance 4. Income Statement 5. Statement of Retained Earnings 6. Balance Sheet 7. Closing Entries 8. Post-Closing Trial Balance B. Financial Statement Analysis Here, you will have the opportunity to demonstrate your understanding of the topics covered in the previous weeks. Instructions: - To complete the requirements for final assessment, refer to the H&H Tool, Inc.'s given information from Problem C4-2 in your Textbook (pages 203-204). - Remember the following in order to answer the requirements: - Do not include the dollar sign - Do not include the penny value. Round the numbers to the nearest whole number - Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850 - If your answer is negative, place the amount in @ parenthesis/bracket. Example: (2,550) C4.2 From Recording Transections (incloding Adjusting doumal Entriox to Preparing Financial 1023,33,41,1 Statements and Closing Journal Entries (Chapters 2, 3, and 4) 4-5, 4-6 Brathers Harry and Herman Hausyerday began operations of thrir machine shop (H \&. H Tonl, tice) on January 1, 2020. The amoual reporing period eads Decenker 31. The trial balance on Janwary 1, 2021, folkrus (the amcents are roundod to thowanth of dollars to simplifyle Transactions and events dieisg 2021 (summarized io thousands of deflars) follow: 1. Bemowal $12 cach on Mirch 1 tuing a sbon-erre note. b. Parchased lind on March 2 for funere builling sale, paid cash; $9 c. Issued additional shares of common stock en. April, 3 for \$23. d. Purchaned woftware ee Juhy 4,510 cash. f. Paid acoconts pryahle in Nowember 6.513 . 8. \$igned a $25 nervice coetract ce Ninember 7 to utart Fehruary 1, 2022. h. Reconded tevesues of $160 oe December 8. including $40 on eredit and $120 co in cash. 1. Recognized salarier and wages expene on December 9,585 puid in cath. j. Collested ascuens recenvalie oe December 10, 524. Data for adfocting journal entrics as of Doctmber 31 : d. Unrecotded amurtization for the year on woftware, 55. 1. Supplies counted oe Decenler 31. 2021, \$10. m. Depreciation for the year io the equipment, S6 n. Imereit of $1 io actue on mets pryali. a Salaries and wages carmod tet act yst paid or reconded. $12. p. lncome tas for the yeir was $8. It will be paid is 2022 . Required: 1. Set up T-asoounts fir the acoouns oe the trial bolance and coter begitining balanoes. are cumpleting this poutlem is Camect usite the general ledger toel. this sequiement eampleted for you