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): Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed 511 cash on March 1 using a short-term note. b. Purchased land on March 2 for future bullding site; paid cash, $8. c. Issued additional shares of common stock on April 3 for $30. d. Purchased software on July 4,$11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6,$12. 9. Signed a $20 service contract on November 7 to start February 1,2022. h. Recorded revenues of $148 on December 8, including $34 on credit and $114 collected in cash. 1. Recognized salaries and wages expense on December 9,$79 paid in cash. 1. Collected accounts receivable on December 10,518 . Data for adjusting journal entries as of December 3t : k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2021, $12. m. Depreclation for the year on the equipment, $5, n. Interest of 51 to accrue on notes payabie. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tox for the year was 57 it will be paid in 2022