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Check my work C4-2 (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 53 Accounts Receivable 5 Supplies 12 Land 0 Equipment 69 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable short-term Salaries and Wages Payable Interest Payable Income Tax Payable Coon Stook Retained Earnings Service Revenge Salaries and Wages Expense Depreciation Experte Portization Expense Income Tax Expense Interest Expenne Supplies Expense Total $113 $ 113 24 90 Transactions and events during 2021 (summarized in thousands of dollars follow a Borrowed $12 cash on March 1 using a short-term note Ch Interest Expenso Supplies Expense Totals 0 0 $ 113 $ 113 19 int Transactions and events during 2021 (summarized in thousands of dollars) follow 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 $23. d. Purchased software on July 4, $10 cash e. Purchased supplies on account on October 5 for future use. $18. 1. 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 $178 on December 8, including $49 on credit and $129 collected in cash Recognized salaries and wages expense on December 9. $94 paid in cash J. Collected accounts receivable on December 10, $33 Dato for adjusting journal entries os of December 31 k. Unrecorded amortization for the year on software, $4. 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 ances C4-2 (Algo) T accounts Required: Taccounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the closing entry from Part 7 (Enter your answers in thousands of dollars.) HHH Mart Required: T accounts. Enter beginning balances and post journal entries from Part 2, the adjusting journal entries from Part 4, and the entry from Part 7 (Enter your answers in thousands of dollars.) Cash Accounts Receivable Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Supplies Land Credit Credit Debit Beginning Balance Credit Debit Beginning Balance Credit Ending Balance Ending Balance Equipment Credit Accumulated Depreciation Debit Beginning Balance Credit Debit Beginning Balance Required information Equipment Credit Dobit Beginning Balance Accumulated Depreciation Dobit Beginning Balance Credit Ending Balance Ending Balance Software Credit Accumulated Amortization Dobit Beginning Balance Debit Beginning Balance Credit ces Ending Balance Ending Balance Accounts Payable Credit Notes Payable (short-term) Debit Beginning Balance Debit Beginning Balance Credit Ending Balance Ending Balance Interest Payable Salaries and Wages Payable Debit Credit Beginning Balance Credit Debit Beginning Balance Interest Payable Salaries and Wages Payable Debit Credit Beginning Balance Credit Debit Beginning Balance Ending Balance Ending Balance Income Tax Payable Common Stock Credit Debit Credit Debit Beginning Balance Beginning Balance Ending Balance Ending Balance Retained Earnings Service Revenue Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance 0 Salaries and Wages Expense Debit Credit Beginning Balance Depreciation Expense Debit Beginning Balance Credit BE Required information Salaries and Wages Expense Debit Credit Beginning Balance Depreciation Expenso Debit Beginning Balance Credit Ending Balance Ending Balance 25 Income Tax Expense Amortization Expense Debit Beginning Balance Credit Credit Debit Beginning Balance 0 Ending Balance Ending Balance Interest Expense Supplies Expense Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance

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