[The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2013. The annual reporting period ends December 31. The trial balance on January 1, 2015, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 64 Accumulated Depreciation $ 5 Software 18 Accumulated Amortization 4 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 81 Retained Earnings 9 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $ 103 $ 103 Transactions during 2015 (summarized in thousands of dollars) follow: 1. Borrowed $11 cash on a six-month note payable dated March 1, 2015. 2. Purchased land for future building site; paid cash, $8. 3. Earned revenues for 2015, $168, including $44 on credit and $124 collected in cash. 4. Issued additional shares of stock for $4. 5. Recognized salaries and wages expense for 2015, $89 paid in cash. 6. Collected accounts receivable, $28. 7. Purchased software, $11 cash. 8. Paid accounts payable, $12. 9. Purchased supplies on account for future use, $19. 10. Signed a $20 service contract to start February 1, 2016. Data for adjusting journal entries: 11. Unrecorded amortization for the year on software, $4. 12. Supplies counted on December 31, 2015, $12. 13. Depreciation for the year on the equipment, $5. 14. Accrued interest of $1 on notes payable. 15. Salaries and wages earned but not yet paid or recorded, $13. 16. Income tax for the year was $7. It will be paid in 2016.

3, 5 and 8.

Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions 1-10, adjusting entries 11-16, and closing entry. (Enter your answers in thousands of dollars.)