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please solve and record journal entries a-j Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1
please solve and record journal entries a-j
Transactions and events during 2021 (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 $34. 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 1,2022. h. Recorded revenues of $140 on December 8 , including $30 on credit and $110 collected in cash. i. Recognized salaries and wages expense on December 9,$75 paid in cash. j. Collected accounts receivable on December 10,$14. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $5. 1. 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. Salarids and wages earned but not yet paid or recorded, $13 p. Income tax for the year wos $9. It will be paid in 2022 . . Record journal entries for transactions (a) through ( ). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Journal entry worksheet Record $13 cash borrowed on March 1 using a short-term note. Notei Enter debits before credits. 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 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) Step by Step Solution
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