what is the unausted and uniusted trial balance?

what is the income statement?

what is the statement of retained earnings? what is the balance sheet?

finally, record entry to close revenue and expense accounts to retained earnings

Requlred Information [The following information apglies to the questions displayed below] Brothers Harry and Herman Hausyerday began operations of their machine shop ( & \& 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): Transoctions and events during 2021 (summarized in thousahds of dollors) foliow: a. Borrowed \$12 cash on Marchi 1 using a shortiterm note b. Purchosed land on Morch 2 for future building site: paid cash, $9 c lssued additionol chares of common stock on Apri 3 for 329 d Purchased softwore on July 4.$10 cash e. Pulchosed suppies on account od October 5 for future use, 518 r. Paid accounts payable on November 6,$13 9. Signed a $25 service controct on November 7 to stait February ct. 2022 h. Recorded revenues of $172 on December 8 , inciuding $46 on credit and $126 colected in cosh 7. Recognized solanes and wages expense on December 9 \$ $91 poid in cash. foliected occounts recelvable on December 10. 330 Data for adjusting journa entries os of December 3t K. Unecorded amoitization for the year on sottvare. 56 . I Supplies counted on December 31, 2021, 510 . m Depreciation for the year on the equipment. 56 . in interest of sito accrue on notes payable. o Salanes and wages earned but not yet paid or recorded, $12 b. inconte tox for the year was $8. If wa be paid in 2022 Required: t Paid accounts payable on November 6,$13 9. Signed o $25 service contract on November 7 to start February 1,2022 h. Recorded tevenues of $172 on December 8 , including $46 on credit and $126 colle Recognized salaries and wages expense on December 9,$91 paid in cash j Collected accounts receivable on December 10,$30. Data for adjusting journol entries as of December 3 : k. Unrecorded amonization for the year on software, $6. (Supplies counted on December 31,2021 , 510 m. Depreciation for the year on the equipment, $6. 7. Interest of \$1 to occrue on notes poyable. o. Solaries and woges eamed but not yet paid or recorded, $12 p income tox for the year wos $8. It wil be pald in 2022 Reoulred: 3. Prepare an unscljusted trial balance. (Enter your answers in thousands of dollarn.) 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, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages eamed but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022 Required: 5. Prepare an adjusted trial balance. (Enter your onswers in thousands of dollors.) Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31,2021,510. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages eamed but not yet paid or tecorded, $12 p. Income tax for the year was $8. It will be paid in 2022 Requlred: 6.a. Prepare an income statement. o-b. Prepare the statement of retained eamings. G.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. (Enter your answers in thousands of dollern.) 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. 9. Signed a $25 selvice contract on November 7 to start February 1, 2022. h. Recorded revenues of $172 on December 8 , including $46 on credit and $126co i. Recognized salaries and wages expense on December 9.$91 paid in cash. j. Collected accounts receivable on December 10,$30. 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, $10 m. Depreciation for the year on the equipment, $6 n. Interest of $1 to accrue on notes payable. o. Salaries and vanges eamed but not yet paid or recorded, $12 p. Income tax forthe year was $8. It will be paid in 2022 . Required: 6.0. Prepare an income statement. 6.b. Prepare the statement of retained earnings. o.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings. (Enter your answers in thousands of dollarar) 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 Requlred: 6.. Prepare an income statement: 6-b. Prepare the statement of retained earnings. 6.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the balance sheet. (Enter your answers in thousand of dollars. Amounts to be dedocted should be indicated by a minus aign d. Purchased sottware 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. 9. Signed a $25 service contract on November 7 to start February 1, 2022 h. Recorded revenues of $172 on December 8 , including $46 on credit and $126 collected in cash. 1. Recognized salaries and wages expense on December 9,$91 peid in cash. 1. Collected accounts receivable on December 10,$30. 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, \$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: 7. Prepore the closing journal entry. (If no entry is required for o transaction/event, seleet "No Journal Entry account fleld. Enter your answers in thousends of dollars.) Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Requlred Information [The following information apglies to the questions displayed below] Brothers Harry and Herman Hausyerday began operations of their machine shop ( & \& 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): Transoctions and events during 2021 (summarized in thousahds of dollors) foliow: a. Borrowed \$12 cash on Marchi 1 using a shortiterm note b. Purchosed land on Morch 2 for future building site: paid cash, $9 c lssued additionol chares of common stock on Apri 3 for 329 d Purchased softwore on July 4.$10 cash e. Pulchosed suppies on account od October 5 for future use, 518 r. Paid accounts payable on November 6,$13 9. Signed a $25 service controct on November 7 to stait February ct. 2022 h. Recorded revenues of $172 on December 8 , inciuding $46 on credit and $126 colected in cosh 7. Recognized solanes and wages expense on December 9 \$ $91 poid in cash. foliected occounts recelvable on December 10. 330 Data for adjusting journa entries os of December 3t K. Unecorded amoitization for the year on sottvare. 56 . I Supplies counted on December 31, 2021, 510 . m Depreciation for the year on the equipment. 56 . in interest of sito accrue on notes payable. o Salanes and wages earned but not yet paid or recorded, $12 b. inconte tox for the year was $8. If wa be paid in 2022 Required: t Paid accounts payable on November 6,$13 9. Signed o $25 service contract on November 7 to start February 1,2022 h. Recorded tevenues of $172 on December 8 , including $46 on credit and $126 colle Recognized salaries and wages expense on December 9,$91 paid in cash j Collected accounts receivable on December 10,$30. Data for adjusting journol entries as of December 3 : k. Unrecorded amonization for the year on software, $6. (Supplies counted on December 31,2021 , 510 m. Depreciation for the year on the equipment, $6. 7. Interest of \$1 to occrue on notes poyable. o. Solaries and woges eamed but not yet paid or recorded, $12 p income tox for the year wos $8. It wil be pald in 2022 Reoulred: 3. Prepare an unscljusted trial balance. (Enter your answers in thousands of dollarn.) 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, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages eamed but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022 Required: 5. Prepare an adjusted trial balance. (Enter your onswers in thousands of dollors.) Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31,2021,510. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages eamed but not yet paid or tecorded, $12 p. Income tax for the year was $8. It will be paid in 2022 Requlred: 6.a. Prepare an income statement. o-b. Prepare the statement of retained eamings. G.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. (Enter your answers in thousands of dollern.) 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. 9. Signed a $25 selvice contract on November 7 to start February 1, 2022. h. Recorded revenues of $172 on December 8 , including $46 on credit and $126co i. Recognized salaries and wages expense on December 9.$91 paid in cash. j. Collected accounts receivable on December 10,$30. 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, $10 m. Depreciation for the year on the equipment, $6 n. Interest of $1 to accrue on notes payable. o. Salaries and vanges eamed but not yet paid or recorded, $12 p. Income tax forthe year was $8. It will be paid in 2022 . Required: 6.0. Prepare an income statement. 6.b. Prepare the statement of retained earnings. o.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings. (Enter your answers in thousands of dollarar) 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 Requlred: 6.. Prepare an income statement: 6-b. Prepare the statement of retained earnings. 6.c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the balance sheet. (Enter your answers in thousand of dollars. Amounts to be dedocted should be indicated by a minus aign d. Purchased sottware 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. 9. Signed a $25 service contract on November 7 to start February 1, 2022 h. Recorded revenues of $172 on December 8 , including $46 on credit and $126 collected in cash. 1. Recognized salaries and wages expense on December 9,$91 peid in cash. 1. Collected accounts receivable on December 10,$30. 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, \$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: 7. Prepore the closing journal entry. (If no entry is required for o transaction/event, seleet "No Journal Entry account fleld. Enter your answers in thousends of dollars.) Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings