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please follow the format when answering help anser this in full folling tje fomat for all the steps Brothers Mike and Tim Hargenater began operations

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help anser this in full folling tje fomat for all the steps
Brothers Mike and Tim Hargenater began operations of their tool and die shop (H k H Tool, inc) on January 1.2019 The annual reporting period ends December 31 . The trial balance on January 1, 2020, follows. Transactions during 2020 follow; a. Borrowed $15,000 cash on a five-year, 8 percent note payable, dated March 1, 2020 . b. Purchased land for a future building site; paid cash, $13,000 c. Earned $215,000 in revenues for 2020 , including $52,000 on credit and the rest in cash. d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1,2020 . e. Incurred $89,000 in wages expense and $25,000 in miscellaneous expenses for 2020, with $20,000 on credit and the rest paid in cash. f. Collected accounts recelvable, $34,000. 9. Purchased other assets, $15,000 cash. h. Purchased supplies on account for future use, $27,000. 1. Paid accounts payable, $26,000. j. Signed a three-year $33,000 service contract to start February 1, 2021. k. Declared cash dividends on December 1,$25,000. which were paid by December 31 . [Hint: Prepare two entries.] Data for adjusting entries: 1. Supplies counted on December 31,2020,$18,000. n. Depreciation for the year on the equipment, $10.000. n. Interest accrued on notes payable (to be computed). o. Wages earned by employees since the December 24 payroll but not yet paid, $16,000. p. Income tax expense, $11,000, payable in 2021 . Adjusted \begin{tabular}{|l|l|} \hline Unadjusted & H\& H Tool, Inc. \\ \hline come Statement \\ Adjusted & Ended December 31, 2020 \\ \hline Post-closing & \\ \hline \end{tabular} Adjusted

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