prehensive Problem (Manual Posting)i Saved Required Information The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operatons of their machine shop (H & H Tool, Inc) on January 1, 2016. The annual reporting perlod 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 4 Accounts Receivable Supplies 11 Land Equipment $6 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-tere) Salaries and wages Payable Interest Payable Income Tax Payable 17 Common Stock Retained Larnings Service Revenue Salaries and wages Expense pepreciation Expense Atortization Expense 1ncone Tax Expense Interest Expense SUETEesExpense Teansactons and events during 2018 summarizedin thousancs of dollarsi follaw hensive Problem (Manual Posting) i Sived Income Tax Expense Interest Expense Supplies Expense Totals $92 $92 Transactions and events during 2018 (summartzed 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 $28. 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 $152 on December 8, including $36 on credit and $116 collected in cash 4 Recognized salaries and wages expense on December 9, $81 paid in cash. Collected accounts receivable on December 10, $20. Data for adjusting journal entries as of December 31 Unrecorded amortization for the year on software, $4. Supplies counted on December 31, 2018, $11. m Depreciation for the year on the equlpment, $7 n. Interest of $2 to accrue on notes payable. 0 Salaries and wages earned but not yet paid or recorded $13. income tax the year was $9. it will be pald in 2019 1, 3. 5 end S. Set upi T-accounts for the accounts on the trial ba ance Enter beginning balances and post the transactions (aH bdiustino entresikHio and ciosina entry (Enter your enswers in thousends of clollers.) Saved 1,3,5 and 8. Set up T-accounts for the accounts on the trlal balance. Enter beginning balances and post the transactions (aH). adjusting entries (K)-p), and closing entry. (Enter your answers In thousands of dollars.) Cash Accounts Receivable Beg. Bal Beg. Bal. (a) 13 (b) (c) - 28 (h) 116 -20 End. Bal End Bal. 78 Supplies Land Beg. Bal Be Ba 11 fe) 17 End Bal. 28 End Ba Equipment Accumulated Depreciation Beg Ba Beg Bal 55 End Ba End B Required information Accumulated Amortization Software of 9 Beg. Bal. Beg. Bal End. Bal. End. Bal. Notes Payable (short-term) Accounts Payable Beg Bal Beg Bal Book End Bal. End Bal. Pirt Salaries and Wages Payable Interest Payable Beg Ba Beg Ba End Bal End Bal Income Tax Payable Common Stock Bog Ba Beg Ba End Ba End Ba Retained Earnings Service Revenue 2 Required information Retained Earnings Service Revenue of 9 Beg. Bal. Beg. Bal End. Bal End. Bal. C Salaries and Wages Expense Depreciation Expense Beg Bal Beg. Bal. rint End. Bal 0 End. Bal Amortization Expense Income Tax Expense Beg Ba Beg Ba. End Bal O End. Ba Interest Expense Supplies Expense Bep Ba Be Ba End Ba End Ga