[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 Credit $ 3 5 12 0 55 $ 6 0 COOOOOO 0 0 $ 94 $ 94 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 $29. 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. g. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $150 on December 8, including $35 on credit and $115 collected in cash. 1. Recognized salaries and wages expense on December 9, $80 paid in cash. J. Collected accounts receivable on December 10, $19. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $5. 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. Required: T accounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the closing entry from Part 7. (Enter your answers in thousands of dollars.) Cash Accounts Receivable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Supplies Land Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Equipment Accumulated Depreciation: Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Software Accumulated Amortization Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance 0 Accounts Payable Notes Payable (short-term) Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Salaries and Wages Payable Interest Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Income Tax Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Debit Beginning Balance Ending Balance Retained Earnings Salaries and Wages Expense Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance 0 Amortization Expense 0 Debit Beginning Balance Interest Expense Ending Balance 0 Credit Debit Beginning Balance Ending Balance Service Revenue Credit 0 Depreciation Expense Credit Debit Credit Beginning Balance Credit Ending Balance Income Tax Expense Debit Credit + Beginning Balance Ending Balance Credit Debit Beginning Balance Ending Balance 0 Supplies Expense Credit