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The onnual reporting period ends December 3 1 . The trial bolance on Jonuary 1 , 2 0 2 1 , follows ( the amounts
The onnual reporting period ends December The trial bolance on Jonuary follows the amounts are rounded to thousands of dollars to simplify: Transoctions and events during summarized in thousonds of dollars follow: Borrowed $ cosh on March using o shortterm note. b Purchosed land on March for future building site; poid cosh $ c Issued odditional shares of common stock on April for $ d Purchosed softwore on July $ cosh e Received supplies on occount on October for future use, $ f Prid occounts poyoble on November $ g Signed o $ service contract on November to start February Recorded revenues of $ on December including $ on credit and $ collected in cosh i Recognized solories and wages expense on December $ paid in cosh j Collected occounts receivable on December $ Dote for edjusting journal entries os of December : k Unrecorded omortization for the year on software, $ Supplies counted on December $ m Depreciation for the year on the equipment, $ n Interest of $ to occrue on notes payable. Soleries and wages earned but not yet paid or recorded, $ p Income tox for the year was $ It will be paid in Required: a Prepare on income stotement. b Prepare the stotement of retained eornings. c Prepore the bolance sheet. Complete this question by entering your answers in the tabs below, Prepare the balance sheet. Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign. H& H TOOL, INCORPORATED Balance sheet
The onnual reporting period ends December The trial bolance on Jonuary follows the amounts are rounded to thousands of dollars to simplify:
Transoctions and events during summarized in thousonds of dollars follow:
Borrowed $ cosh on March using o shortterm note.
b Purchosed land on March for future building site; poid cosh $
c Issued odditional shares of common stock on April for $
d Purchosed softwore on July $ cosh
e Received supplies on occount on October for future use, $
f Prid occounts poyoble on November $
g Signed o $ service contract on November to start February
Recorded revenues of $ on December including $ on credit and $ collected in cosh
i Recognized solories and wages expense on December $ paid in cosh
j Collected occounts receivable on December $
Dote for edjusting journal entries os of December :
k Unrecorded omortization for the year on software, $
Supplies counted on December $
m Depreciation for the year on the equipment, $
n Interest of $ to occrue on notes payable.
Soleries and wages earned but not yet paid or recorded, $
p Income tox for the year was $ It will be paid in
Required:
a Prepare on income stotement.
b Prepare the stotement of retained eornings.
c Prepore the bolance sheet.
Complete this question by entering your answers in the tabs below,
Prepare the balance sheet. Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.
H& H TOOL, INCORPORATED
Balance sheet
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