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Required information [ The following information applies to the questions displayed below. ] Brothers Harry and Herman Hausyerday began operations of their machine shop (
Required information
The following information applies to the questions displayed below.
Brothers Harry and Herman Hausyerday began operations of their machine shop & Tool, Incorporated on January
The annual reporting period ends December The trial balance on January follows the amounts are
rounded to thousands of dollars to simplify::
Transactions and events during summarized in thousands of dollars follow:
a Borrowed $ cash on March using a shortterm note.
b Purchased land on March for future building site; paid cash, $
c Issued additional shares of common stock on April for $
d Purchased software on July $ cash.
e Received supplies on account on October for future use, $
Paid accounts payable on November $
g Signed a $ service contract on November to start February
h Recorded revenues of $ on December including $ on credit and $ collected in cash.
Recognized salaries and wages expense on December $ paid in cash.
Collected accounts receivable on December $
Data for adjusting journal entries as of December :
k Unrecorded amortization for the year on software, $
L Supplies counted on December $
Depreciation for the year on the equipment, $
Interest of $ to accrue on notes payable.
a Salaries and wages earned but not yet paid or recorded, $
p Income tax for the year was $ It will be paid in
Required:
a Prepare an income statement.
b Prepare the statement of retained earnings.
c Prepare the balance sheet.
Complete this question by entering your answers in the tabs below.
Req
Req
Prepare the balance sheet. Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign. supplies and land numbers are wrong as well as all liabilites and equity numbers are wrong please help fix
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