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Please help with the T-Accounts. Thank you Required Information C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal

Please help with the T-Accounts. Thank youimage text in transcribed

Required Information C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2. 3. and 4) (LO 2-3. LO 3-3. LO 4-1. LO 4-2 LO 4-3. LO 4-4. LO 4-5, LO 4-6) [The following information applies to the questions displayed below. Brothers Harry and Hermen Housyerdey 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: Credit Debit $4 4 11 e 62 $ 7 18 7 5 e 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 Totals @ @ 72 e e e $ 99 $ 99 Trenssctions and events during 2021 (summarized in thousands of dollars) follow: .. 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 $25. dl 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. 9. Signed a $30 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $154 on December 8, including S42 on credit and $122 collected in cash. 1. Recognized salaries and wages expense on December 9, $37 paid in cash. 1. Collected accounts receivable on December 10, $26. Date for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software. $7. Supplies counted on December 31, 2021, $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 2022 C4-2 (Algo) T accounts Required: Taccounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4. and the closing entry from Port 7. (Enter your answers in thousands of dollars.) Caah Accounts Receivable Credit Credit Debit Beginning Balance Debit Beginning Balance Fnstinn Relance

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