[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): Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals Debit $2 6 13 0 61 15 References 0 0 0 0 0 0 0 $97 Credit $5 640000ma $97 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site, paid cash, $8. c. Issued additional shares of common stock on April 3 for $24. d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6, $12. g. Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $162 on December 8, including $41 on credit and $121 collected in cash. 1. Recognized salaries and wages expense on December 9, $86 paid in cash. J. Collected accounts receivable on December 10, $25. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2021, $12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $13. p. Income tax for the year was $7. It will be paid in 2022

[The following informatian appoes to the iquesnians dosplayed below? Brothers Harry and Herman Hausyeudoy began opesotions of their machice shop of S H Tool incorporatedf on January 1, 2020, The annuat reportung period ends December 31. The triat balance on Janaary 1.2021, folows (the amounts are rounded to thousands of dollars to simplify] Transections and events durng 2021 (sumusarized in thousands of dollars) foflow a Boerowed $ il cash on March 1 using a shorterm note b. Purchased land on March 2 for future building site; paid cash, 58 c. issued additional shares of common stock on Aprit 3 for $24 d. Purchased software on July 4,511 cash e. Purchased suppliss on account on October 5 for future ute, $19 f. Paid accounts payabite on Nowember 6,$12 g. Signed a $20 service contract on Noveciber 7 to start Febnary 1,2022 h. Recorded revenues of 5162 on December 8 , induding $41 on credit and $121 collected in cash. 1 Recognized solaries and wages expense on December 9, 596 paid in cash. 1 Coliected accounts receivabie on Decomber 10, $25. Dota for adjusting journai entries as of December 31 k Unrecorded amortization for the yedr on sotware, $6 1. Supplies counted on December 31,2021,512. in. Depreciation for the year on the equipment, $5. n interest of $1 to accrue an notes payable a. Sataries and wages earned but not yet paid or recorded, \$13. p. Income tax for the year was $7 it will be paid in 2022 [The following informatian appoes to the iquesnians dosplayed below? Brothers Harry and Herman Hausyeudoy began opesotions of their machice shop of S H Tool incorporatedf on January 1, 2020, The annuat reportung period ends December 31. The triat balance on Janaary 1.2021, folows (the amounts are rounded to thousands of dollars to simplify] Transections and events durng 2021 (sumusarized in thousands of dollars) foflow a Boerowed $ il cash on March 1 using a shorterm note b. Purchased land on March 2 for future building site; paid cash, 58 c. issued additional shares of common stock on Aprit 3 for $24 d. Purchased software on July 4,511 cash e. Purchased suppliss on account on October 5 for future ute, $19 f. Paid accounts payabite on Nowember 6,$12 g. Signed a $20 service contract on Noveciber 7 to start Febnary 1,2022 h. Recorded revenues of 5162 on December 8 , induding $41 on credit and $121 collected in cash. 1 Recognized solaries and wages expense on December 9, 596 paid in cash. 1 Coliected accounts receivabie on Decomber 10, $25. Dota for adjusting journai entries as of December 31 k Unrecorded amortization for the yedr on sotware, $6 1. Supplies counted on December 31,2021,512. in. Depreciation for the year on the equipment, $5. n interest of $1 to accrue an notes payable a. Sataries and wages earned but not yet paid or recorded, \$13. p. Income tax for the year was $7 it will be paid in 2022