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please solve thank u the first trial balance is unadjusted 0 Required information [The following information applies to the questions displayed below.) Brothers Harry and

please solve thank u the first trial balance is unadjusted
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0 Required information [The following information applies to the questions displayed below.) Brothers Harry and Herman Housyerday 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 $ 2 Accounts Receivable 6 Supplies 13 Land e Equipment 64 Accumulated Depreciation 55 Software 18 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 81 Retained Earnings 9 Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $ 103 5 103 4 4 Transactions and events during 2021 (summarized in thousands of dollars) follow: $ 103 Interest Expense Supplies Expense Totals $ 103 Transactions and events during 2021 (summarized in thousands of dollars) follow: a Borrowed $11 cash on March 1 using a short-term note b. Purchased land on March 2 for future building site; paid cash $8. c. Issued additional shares of common stock on April 3 for $27. d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. 1. Pald accounts payable on November 6, $12. 9. Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $168 on December 8. Including $44 on credit and $124 collected in cash, Recognized salaries and wages expense on December 9, $89 paid in cash. J. Collected accounts receivable on December 10, $28. Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on software, $4. Supplies counted on December 31, 2021. $12. m Depreciation for the year on the equipment, $5 in Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $13. p. Income tax for the year was $7 it will be paid in 2022 Required: 2. Record Journal entries for transactions () 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.) Debit Credit art 2 of 9 eBook Print References MIVUDU 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 Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals 0 $ Journal entry worksheet Record the unrecorded amortization for the year on software, $4. Note: Enter debits before credits Transaction General Journal Debit Credit k. Record entry Clear entry View general journal Journal entry worksheet s Record the adjusting entry for supplies counted on December 31, 2021 for $12. Note: Enter debits before credits. Transaction General Journal Dobit Credit Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for depreciation for the year on the equipment, $5. kes Note: Enter debits before credits Transaction General Journal Debit Credit m. Record entry Clear entry View general journal Journal entry worksheet os Record the adjusting entry for accrued interest for $1 on notes payable. Note: Enter debits before credits Transaction General Journal Debit Credit n Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for salaries and wages earned but not paid for $13. Note: Enter debits before credits. Transaction General Journal Debit Credit 0 Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 ces Record the adjusting entry for income tax for the year was $7. It will be paid in 2022. Note: Enter debits before credits Transaction General Journal Debit Credit p Record entry Clear entry View general journal H&H TOOL, INCORPORATED Adjusted Trial Balance (in thousands) Account Titles Debit Credit 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 Supplies Expense S - 0 Required information 5 of 9 Req 6A Reg 6B Req 6C Prepare an income statement. (Enter your answers in thousands of dollars.) Book H&H TOOL, INCORPORATED Income Statement Print erences (in thousands) ! Required information Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C Prepare the statement of retained earnings. (Enter your answers in thousands of dollars.) H & H TOOL, INCORPORATED Statement of Retained Earnings (in thousands) Balance, January 1, 2021 Balance, December 31, 2021 Required information Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign H&H TOOL, INCORPORATED Balance Sheet (in thousands) Equipment Software

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