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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

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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 H8H Tool, incorporatocl) 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 doliars to simplify: 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 stees paid cash, $8. c. Issued additional shares of common stock on April 3 for $30. d. Purchased software on July 4,$11 cosh. e. Purchased supplies on account on October 5 for future use, $19. C. Paid accounts payable on November 6, \$12 g. Signed a $20 service contract on November 7 to start Fobruary 1, 2022 h. Recorded revenues of $148 on December 8 , including $34 on credit and $114 collected in cash. 1. Recognized salaties and wages expenise on December 9,579 paid in cash. 1. Collected accounts recelvable on December 10,$18. Data for adjusting journal entries as of December 3t: k. Unrecorded amortization for the year on software, $6. LSupples counted on December 31, 2021, \$12. m. Depreciation for the year on the equipment, \$5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, \$11. p. Income tax for the year was $7. It will be paid in 2022 . 3. Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.)

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