C$4-2($Algo$)$ From Recording Transactions $($Including Adjusting Journal Entries$)$ to Preparing Financial Statements and Closing Journal Entries $($Chapters $2,3,$ and $4)[$LO $2-3,$ LO $3-3,$ LO $4-1,$ LO $4-2,$ LO $4-3,$ LO $4-4,$ LO $4-5,$ LO $4-6][$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,Debit,Credit$],[$Cash$,4,],[$Accounts Receivable,$4,],[$Supplies$,0,],[$Land$,56,],[$Equipment$,17,7$Required Information

C$4-2($Algo$)$ From Recording Transactions $($Including Adjusting Journal Entries$)$ to Preparing Financial

Statements and Closing Journal Entries $($Chapters $2,3,$ and $4)[$LO $2-3,$ LO $3-3,$ LO $4-1,$ LO $4-2,$ LO $4-3,$ LO

$4-4,[$O $4-5,[$O $4-6]$

$[$The following information applies to the questions displayed below.$]$

Brothers Harry and Herman Hausyerday began operations of thelr machine shop $(H$&$H$ Tool, Incorporated$)$ on January $1,$

The annual reporting perlod ends December $31.$ The trlal balance on January $1,2021,$ follows $($the amounts are

rounded to thousands of dollars to simplify$)$:

Transactions and events during $2021($summarlzed in thousands of dollars$)$ follow:

a$.$ Borrowed $$13$ cash on March $1$ using a short$-$term note.

b$.$ Purchased land on March $2$ for future bullding site; pald cash, $$7.$

c$.$ Issued additional shares of common stock on April $3$ for $$34.$

d$.$ Purchased software on July $4,$ $$12$ cash.

e$.$ Recelved supplies on account on October $5$ for future use, $$17.$

$f.$ Pald accounts payable on November $6,$$$14.$

g$.$ Signed a $$30$ service contract on November $7$ to start February $1,2022.$

h$.$ Recorded revenues of $$140$ on December $8,$ Including $$30$ on credit and $$110$ collected in cash.

I. Recognized salarles and wages expense on December $9,$$$75$ pald in cash.

j$.$ Collected accounts recelvable on December $10,$$$14.$

Data for adjusting journal entrles as of December $31$:

$k.$ Unrecorded amortization for the year on software, $$5.$

I. Supplies counted on December $31,2021,$ $$11.$

$m.$ Depreclation for the year on the equipment, $$7.$

n$.$ Interest of $$2$ to accrue on notes payable.

o$.$ Salarles and wages earned but not yet paid or recorded, $$13.$

p$.$ Income tax for the year was $$9.$ It will be pald in $2022$Required Information

C$4-2($Algo$)$ From Recording Transactions $($Including Adjusting Journal Entries$)$ to Preparing Financial

Statements and Closing Journal Entries $($Chapters $2,3,$ and $4)[$LO $2-3,$ LO $3-3,$ LO $4-1,$ LO $4-2,$ LO $4-3,$ LO

$4-4,[$O $4-5,[$O $4-6]$

$[$The following information applies to the questions displayed below.$]$

Brothers Harry and Herman Hausyerday began operations of thelr machine shop $(H$&$H$ Tool, Incorporated$)$ on January $1,$

The annual reporting perlod ends December $31.$ The trlal balance on January $1,2021,$ follows $($the amounts are

rounded to thousands of dollars to simplify$)$:

Transactions and events during $2021($summarlzed in thousands of dollars$)$ follow:

a$.$ Borrowed $$13$ cash on March $1$ using a short$-$term note.

b$.$ Purchased land on March $2$ for future bullding site; pald cash, $$7.$

c$.$ Issued additional shares of common stock on April $3$ for $$34.$

d$.$ Purchased software on July $4,$ $$12$ cash.

e$.$ Recelved supplies on account on October $5$ for future use, $$17.$

$f.$ Pald accounts payable on November $6,$$$14.$

g$.$ Signed a $$30$ service contract on November $7$ to start February $1,2022.$

h$.$ Recorded revenues of $$140$ on December $8,$ Including $$30$ on credit and $$110$ collected in cash.

I. Recognized salarles and wages expense on December $9,$$$75$ pald in cash.

j$.$ Collected accounts recelvable on December $10,$$$14.$

Data for adjusting journal entrles as of December $31$:

$k.$ Unrecorded amortization for the year on software, $$5.$

I. Supplies counted on December $31,2021,$ $$11.$

$m.$ Depreclation for the year on the equipme