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Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period 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 $ 2

Accounts Receivable 6

Supplies 13

Land 0

Equipment 51

Accumulated Depreciation $ 5

Software 24

Accumulated Amortization 4

Accounts Payable 4

Notes Payable (short-term) 0

Salaries and Wages Payable 0

Interest Payable 0

Income Tax Payable 0

Common Stock 74

Retained Earnings 9

Service Revenue 0

Salaries and Wages Expense 0

Depreciation Expense 0

Amortization Expense 0

Income Tax Expense 0

Interest Expense 0

Supplies Expense 0

Totals $ 96 $ 96

Transactions and events during 2018 (summarized in thousands of dollars) follow:

Borrowed $11 cash on March 1 using a short-term note.

Purchased land on March 2 for future building site; paid cash, $8.

Issued additional shares of common stock on April 3 for $33.

Purchased software on July 4, $11 cash.

Purchased supplies on account on October 5 for future use, $19.

Paid accounts payable on November 6, $12.

Signed a $20 service contract on November 7 to start February 1, 2019.

Recorded revenues of $142 on December 8, including $31 on credit and $111 collected in cash.

Recognized salaries and wages expense on December 9, $76 paid in cash.

Collected accounts receivable on December 10, $15.

Data for adjusting journal entries as of December 31:

Unrecorded amortization for the year on software, $4.

Supplies counted on December 31, 2018, $12.

Depreciation for the year on the equipment, $5.

Interest of $1 to accrue on notes payable.

Salaries and wages earned but not yet paid or recorded, $11.

Income tax for the year was $7. It will be paid in 2019.

1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.)

Saw Help amprehensive Problem (Manu Pasting 12 2 4 Brothers Harry and Herman Hausyerday began operations of their machine shop H & H Tool Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 12018, follows the amounts are rounded to thousands of dollars to simplity DICHE Accounts Receivable Supplies 13 Land 0 Equipment Accumulated Depreciation Software Accumulated Mortirati Accounts Payable Notes Payable (short tera) 0 Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Hetained Earnings Service Revenue Salaries and Wages Expanse Depreciation Expense Amortization Expense Income Tax Exponse Interest Expense Supplies Expense Totals $96 $96 + 0 Transactions and events during 2018 summarized in thousands of dollars, follow a Borrowed 511 cash on March 1 using a short-term note. Purchased land on March 2 for future building site: paid cash, 58 Issued additional shares of common stock on April 3 for $33 Purchased software on July 4. Sit cash . B o O $ Help SA Comprehensive Problem Manust Posting 2 13.5 and B. Set up Taccounts for the accounts on the trial balance Enter beginning balances and post the transactions (ahl adjusting entries and closing entry Enter your answers in thousands of dollars.) Purta Recevable 10 DO Bag B Beg Ba e) 11 100 End Hol En BR Supplies Land Bello E B End Equipment Accumulated Depreciation Bega E (hp 1 O % 2. 3 4 6 7 Cowhere to win 2 10 End Acous Papa the E B End Salaries and Wausaytile Blog End End B Income Tax Payable Common Stock Beg Bol End Bal End. But $ 96 Saved prehensive Problem (Manual Posting 2 Required information Common Stock Income Tax Payable Beg B of 9 Beg Bal End Bal End B Retained Earnings Service Revenue Beg Bal Beg Bal End BN End Bu Salaries and Wages Expense Depreciation Expense Beg Bal Beg Ba End Bal Amortization Expense Income Tax Expens Bea B Be B c & 96 5 3 4 8 prehensive Problem (Manual Posting) Required informations 9 Beg Bal Beg Bal End Bal 0 End Bal Amortization Expense Income Tax Expense Beg Ba Beg Bal End Bal 0 End Bal 0 Interest Expense Supplies Expense Beg Bal Beg Bal End Bal 0 End Bal 0 Saw Help amprehensive Problem (Manu Pasting 12 2 4 Brothers Harry and Herman Hausyerday began operations of their machine shop H & H Tool Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 12018, follows the amounts are rounded to thousands of dollars to simplity DICHE Accounts Receivable Supplies 13 Land 0 Equipment Accumulated Depreciation Software Accumulated Mortirati Accounts Payable Notes Payable (short tera) 0 Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Hetained Earnings Service Revenue Salaries and Wages Expanse Depreciation Expense Amortization Expense Income Tax Exponse Interest Expense Supplies Expense Totals $96 $96 + 0 Transactions and events during 2018 summarized in thousands of dollars, follow a Borrowed 511 cash on March 1 using a short-term note. Purchased land on March 2 for future building site: paid cash, 58 Issued additional shares of common stock on April 3 for $33 Purchased software on July 4. Sit cash . B o O $ Help SA Comprehensive Problem Manust Posting 2 13.5 and B. Set up Taccounts for the accounts on the trial balance Enter beginning balances and post the transactions (ahl adjusting entries and closing entry Enter your answers in thousands of dollars.) Purta Recevable 10 DO Bag B Beg Ba e) 11 100 End Hol En BR Supplies Land Bello E B End Equipment Accumulated Depreciation Bega E (hp 1 O % 2. 3 4 6 7 Cowhere to win 2 10 End Acous Papa the E B End Salaries and Wausaytile Blog End End B Income Tax Payable Common Stock Beg Bol End Bal End. But $ 96 Saved prehensive Problem (Manual Posting 2 Required information Common Stock Income Tax Payable Beg B of 9 Beg Bal End Bal End B Retained Earnings Service Revenue Beg Bal Beg Bal End BN End Bu Salaries and Wages Expense Depreciation Expense Beg Bal Beg Ba End Bal Amortization Expense Income Tax Expens Bea B Be B c & 96 5 3 4 8 prehensive Problem (Manual Posting) Required informations 9 Beg Bal Beg Bal End Bal 0 End Bal Amortization Expense Income Tax Expense Beg Ba Beg Bal End Bal 0 End Bal 0 Interest Expense Supplies Expense Beg Bal Beg Bal End Bal 0 End Bal 0