O 5.4 4 13 53 Required Information 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). Account Titles Debit Credit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Atortization Accounts Payable Notes Payable (short-ters) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and tages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $92 3.92 37 20 6 65 2 Transactions and events during 2021 (summarized in thousands of dollars) follow a Borrowed 513 cash on March 1 using a short-term note b. Purchased land on March 2 for future building ste; paid cash, c issued additional shares of common stock on April 3 for $31 d. Purchased software on July 4, 512 cash e Purchased supplies on account on October 5 for future use. $17 Paid accounts payable on November 6, $14 Signed a $30 service contract on November 7 to start February 1 2022 it. Recorded revenues of $146 on December 8, including 533 on credit and $113 collected in cash Recognized salaries and wages expense on December 9.578 paid in cash Collected accounts receivable on December 10, 512 Data for adjusting journal entries as of December 31 k Unrecorded amortization for the year on software, 57. Supplies counted on December 31, 2021, 511 m. Depreciation for the year on the equipment. 57. n Interest of $2 to accrue on notes payable o: Salaries and wages earned but not yet paid or recorded. 513 Income tax for the year was $9. It will be paid in 2022 Den Journal entry worksheet