Credit Debit $ 2 6 13 64 $ 5 18 4 4 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals @ 0 81 9 @ a $103 $103 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. c Issued additional shares of common stock on April 3 for $27. d. Purchased software on July 4, $11 cash. e Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6, $12. 9. Signed a $20 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $168 on December 8, including $44 on credit and $124 collected in cash. i. Recognized salaries and wages expense on December 9, $89 paid in cash. j. Collected accounts receivable on December 10, $28. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $4. 1. Supplies counted on December 31, 2018, $12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $13. p. Income tax for the year was $7. It will be paid in 2019. 8. Post the closing entry from requirement 7 and prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) Credit 8 H&H TOOL, INC. Post-Closing Trial Balance For the Month Ended December 31, 2018 (in thousands) Account Titles Debit Cash $ 72 Accounts Receivable 22 Supplies 12 Land 8 Equipment 64 Accumulated Depreciation Software 29 Accumulated Amortization Accounts Payable 11 Notes Payable (short-term) 11 Salaries and Wages Payable 13 Interest Payable Income Tax Payable 7 Common Stock 108 Retained Earnings 38 Dividends Service Revenue Salaries and Wages Expense 102 Supplies Expense Depreciation Expense Amortization Expense 4 Interest Expense Income Tax Expense Totals $ 396 168 20 5 1 $ 8