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The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.)

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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, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Debit Credit $ 4 Account Titles Cash Accounts Receivable Supplies Land 4 11 0 56 Equipment Accumulated Depreciation $ 7 17 Software 4 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common $tock Retained Earnings Service Revenue 68 C Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense C $92 $92 Tot als Transactions and events during 2018 (summarized in thousands of dollars) follow a short-term note. a. Borrowed $13 cash on March 1 using b. Purchased land on March 2 for future building site; paid cash, $7 c. Issued additional shares of common stock on April 3 for $28. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17 f Paid accounts payable on November 6, $14 g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $152 on December 8, including $36 on credit and $116 collected in cash Recognized salaries and wages expense on December 9, $81 paid in cash. Collected accounts receivable on December 10, $20. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $4. LSupplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7 n. Interest of $2 to accrue on notes payable O. Salaries and wages earned but not yet paid or recorded, $13 p. Income tax for the year was $9. It will be paid in 2019. Journal entry worksheet 10 7

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