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the 6th screenshot is unadjusted trial balance 8th screenshot is asjusted trial balance #4 prepare a statment of cash flows for the fiscal year was
the 6th screenshot is unadjusted trial balance
8th screenshot is asjusted trial balance
#4 prepare a statment of cash flows for the fiscal year was not supposed to be included please disreguard that question
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 (H \& H Tool, Incorporated) 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 dollars to simplify): Transactions and events during 2021 (sumarized in thousands of dollars) follow: a. Botrowed $12 cash on March 1 using a short-term note. b Purchased land on March 2 for future bullding site., paid cash, $9. Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site: paid cash, $9. c. Issued additional shares of common stock on April 3 for $26. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6. \$13. 9. Signed a $25 service contract on November 7 to start Februar. 1. 2022 h. Recorded revenues of $166 on December 8 , including $43 on credit and $123 collected in cash. i. Recognized salaries and wages expense on December 9,$88 paid in cash. j. Collected accounts receivable on December 10, $27. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $8. 1. Supplies counted on December 31, 2021, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, \$12. p. Income tax for the year was $8. It will be paid in 2022 . 10. 10 1 Pegwired In the first account field, Ented your answers in shoushnds of dolitis.) Resuliled: Fequired" In the first account field, Enter your answers lin thousands of dolisis.l 1 Required information \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Account Titles } \\ \hline Cash \\ \hline Accounts Receivable \\ \hline Supplies \\ \hline Land & Equipment \\ \hline Accumulated Depreciation & Debit \\ \hline Software & Credit \\ \hline Accumulated Amortization & \\ \hline Accounts Payable & \\ \hline Notes Payable (short-term) & \\ \hline Salaries and Wages Payable & \\ \hline Interest Payable & \\ \hline Income Tax Payable & \\ \hline Common Stock & \\ \hline Retained Earnings & \\ \hline Dividends & \\ \hline Service Revenue & \\ \hline Salaries and Wages Expense & \\ \hline Supplies Expense & \\ \hline Depreciation Expense & \\ \hline Amorization Expense & \\ \hline Interest Expense & \\ \hline Income Tax Expense & \\ \hline Totals & \\ \hline \end{tabular} 1 Required information C4-2 (Algo) T accounts Required: Enter beginning balances and post journal entries from Part 2 , the adjusting joutnal entries from Part 4 , and the closing Accounts Roceivable 8. Prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) Accounts Receivable Supplies Land Equipment Accumulated Depreciation \begin{tabular}{|l|} \hline Software \\ \hline Accumulated \\ \hline \end{tabular} Accumulated Amortization Accounts Payable n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022 . C4-2 (Algo) Part 9 Required: 9-a. How much net income did H \& H Tool, Incorporated, generate during 2021? What was its net profit margin? 9.b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. How much net income did H : \&. H Tool, Incorporated, generate during 2021 ? What was its net profit margin? (Einter "Net Income" in thousands of dotlars. Round "Net Profit Margin"' to 1 decimal place.) -a. How much net income did H \& H Tool, Incorporated, generate during 2021 ? What was its net profit -b. Is the company financed primarily by liabilities or stockholders' equity? 9c. What is its current ratio? Complete this question by entering your answers in the tabs below. Is the company find Iarily by liabilities or stockholders' equity? How much net income did H \& H Tool, Incorporated, generate during 2021? What was its net profit n b. Is the company financed primarily by liabilities or stockholders' equity? c. What is its current ratio? Complete this question by entering your answers in the tabs below. What is its current ratio? (Enter your answers in thousands of dollars.) 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outfle amounts.) 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Prepare an income statement. (Enter your answers in thousands of dollars.) quired: a. Prepare an income statement. -b. Prepare the statement of retained eamings. c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings, (Enter your answers in thousands Prepare the balance sheet. (Enter your answers in thousands of dollars. Ambunts to be deducted should be indicated by a min 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 (H \& H Tool, Incorporated) 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 dollars to simplify): Transactions and events during 2021 (sumarized in thousands of dollars) follow: a. Botrowed $12 cash on March 1 using a short-term note. b Purchased land on March 2 for future bullding site., paid cash, $9. Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site: paid cash, $9. c. Issued additional shares of common stock on April 3 for $26. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6. \$13. 9. Signed a $25 service contract on November 7 to start Februar. 1. 2022 h. Recorded revenues of $166 on December 8 , including $43 on credit and $123 collected in cash. i. Recognized salaries and wages expense on December 9,$88 paid in cash. j. Collected accounts receivable on December 10, $27. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $8. 1. Supplies counted on December 31, 2021, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, \$12. p. Income tax for the year was $8. It will be paid in 2022 . 10. 10 1 Pegwired In the first account field, Ented your answers in shoushnds of dolitis.) Resuliled: Fequired" In the first account field, Enter your answers lin thousands of dolisis.l 1 Required information \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Account Titles } \\ \hline Cash \\ \hline Accounts Receivable \\ \hline Supplies \\ \hline Land & Equipment \\ \hline Accumulated Depreciation & Debit \\ \hline Software & Credit \\ \hline Accumulated Amortization & \\ \hline Accounts Payable & \\ \hline Notes Payable (short-term) & \\ \hline Salaries and Wages Payable & \\ \hline Interest Payable & \\ \hline Income Tax Payable & \\ \hline Common Stock & \\ \hline Retained Earnings & \\ \hline Dividends & \\ \hline Service Revenue & \\ \hline Salaries and Wages Expense & \\ \hline Supplies Expense & \\ \hline Depreciation Expense & \\ \hline Amorization Expense & \\ \hline Interest Expense & \\ \hline Income Tax Expense & \\ \hline Totals & \\ \hline \end{tabular} 1 Required information C4-2 (Algo) T accounts Required: Enter beginning balances and post journal entries from Part 2 , the adjusting joutnal entries from Part 4 , and the closing Accounts Roceivable 8. Prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) Accounts Receivable Supplies Land Equipment Accumulated Depreciation \begin{tabular}{|l|} \hline Software \\ \hline Accumulated \\ \hline \end{tabular} Accumulated Amortization Accounts Payable n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022 . C4-2 (Algo) Part 9 Required: 9-a. How much net income did H \& H Tool, Incorporated, generate during 2021? What was its net profit margin? 9.b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. How much net income did H : \&. H Tool, Incorporated, generate during 2021 ? What was its net profit margin? (Einter "Net Income" in thousands of dotlars. Round "Net Profit Margin"' to 1 decimal place.) -a. How much net income did H \& H Tool, Incorporated, generate during 2021 ? What was its net profit -b. Is the company financed primarily by liabilities or stockholders' equity? 9c. What is its current ratio? Complete this question by entering your answers in the tabs below. Is the company find Iarily by liabilities or stockholders' equity? How much net income did H \& H Tool, Incorporated, generate during 2021? What was its net profit n b. Is the company financed primarily by liabilities or stockholders' equity? c. What is its current ratio? Complete this question by entering your answers in the tabs below. What is its current ratio? (Enter your answers in thousands of dollars.) 4. Prepare a statement of cash flows for the fiscal year ended August 31, 2021. (Cash outfle amounts.) 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Prepare an income statement. (Enter your answers in thousands of dollars.) quired: a. Prepare an income statement. -b. Prepare the statement of retained eamings. c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings, (Enter your answers in thousands Prepare the balance sheet. (Enter your answers in thousands of dollars. Ambunts to be deducted should be indicated by a min Step by Step Solution
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