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Tequilied intormettonRequired Information [ The following information applies to the questions displayed below. ] Brothers Huey and Hiram Hausyerday began operations of their machine shop
Tequilied intormettonRequired Information
The following information applies to the questions displayed below.
Brothers Huey and Hiram Hausyerday began operations of their machine shop H & H 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, $
f Paid accounts payable on November $
g Signed a contract on November to provide $ of services starting February
h Recorded revenues of $ on December including $ on credit and $ collected in cash.
i Recognized salaries and wages expense on December $ paid in cash.
j Collected accounts receivable on December $
Data for adjusting journal entries as of December :
Unrecorded amortization for the year on software, $
Supplies counted on December $
Depreciation for the year on the equipment, $
Interest of $ on notes payable is yet to be recorded.
o Salaries and wages earned but not yet paid or recorded, $
p Income tax for the year was determined to be $ It will be paid in Required:
Prepare an unadjusted trial balance.
Note: Enter your answers in thousands of dollars.
Answer is complete but not entirely correct.
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