o 68 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, 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): Account Titles Debit Credit Cash s Accounts Receivable 4 Supplies 11 Land Equipment Accumulated Depreciation $ Software 24 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wagen Payable Interest Payable Income Tax Payable Common Stock 83 Retained Earnings 7 Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totalo $111 S111 6 WOOOO 0 0 0 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $31. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $176 on December 8, including $48 on credit and $128 collected in cash. 1. Recognized salaries and wages expense on December 9, $93 paid in cash. J. Collected accounts receivable on December 10, $32. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $8. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was $9. It will be paid in 2019. 1,3,5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the adjusting entries (kHp), and closing entry. (Enter your answers in thousands of dollars.) Required information Cash Accounts Recelvable Beg. Bal. Beg. Bal. End. Bal End. Bal. Supplies Land Beg. Bal. Beg. Bal. End. Bal End. Bal. Equipment Accumulated Depreciation Beg. Bal. Beg. Bal. End. Bal End. Bal