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Required Information I The following information applies to the questions displayed below) Brothers Harry and Herman Hausyerday began operations of their machine shop (H &

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Required Information I 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 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 Cash 54 Accounts Receivable 4 Supplies 11 Land 0 Equipment 53 Accumulated Depreciation Software 20 Accumulated Amortization Accounts Payable Notes Payable (short-ter) Salaries and wages Payable Interest Payable Income Tax Payable Common Stock retained Lamnings Service Revenue Salaries and wages Expense Depreciation Expense mortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 5 92 0 Transactions and events during 2021 (sumotarized in thousands of dollars follow. a. Borrowed 513 cash on March 1 using a short term note b. Purchased tand on March 2 for future building site, paid cash $7 c.Issued additional shares of common stock on April 3 for $31 d Purchased software on July 4, $12 cash. c. Purchased supplies on account on October 5 for future use. $17 Paid accounts payable on November 6, 514 o. Signed a $30 service contract on November 7 to start February 1, 2022 n Recorded revenues of $146 on December 8, including $33 on credit and 5113 collected in cash Recognized salaries and wages expense on December 9, 578 paid in cash J. Collected accounts receivable on December 10, 517 Data for adjusting journal entries as of December 31 Unrecorded amortization for the year on software. 57 Supplies counted on December 31, 2027 $11 m. Depreciation for the year on the equipment 37 Interest of $2 to accrue on notes payable o Salaries and wages eamed but not yet paid or recorded, $13 o Income tax for the year was 39 It will be paid in 2022 Journal entry worksheet 2 3 4 5 6 Record the unrecorded amortization for the year on software, $7. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Cleat entry View general journal Journal entry worksheet 2 3 4 5 5 6 Record the adjusting entry for supplies counted on December 31, 2021 for $11. NO EN Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjusting entry for salaries and wages earned but not paid for $13. Note Enter debits before or Transaction General Journal O Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet

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