Question: how do you solve this ? correct answers please 0 Required information The following information applies to the questions displayed below) Brothers Harry and Herman

how do you solve this ? correct answers please
how do you solve this ? correct answers please 0 Required information
The following information applies to the questions displayed below) Brothers Harry and

0 Required information The following information applies to the questions displayed below) Brothers Harry and Herman Housyerday 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 $ 2 Accounts Receivable G Supplies 13 Land Equipment 64 Accumulated Depreciation Software 18 Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 81 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense 0 Interest Expense 0 Supplies Expense Totals $ 103 $ 103 4 0 0 0 9 0 0 0 Transactions and events during 2021 (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. Pald accounts payable on November 6, $12. g. Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $168 on December 8, including $44 on credit and $124 collected in cash. Recognized salaries and wages expense on December 9, $89 paid in cash. 1. 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, 2021, $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 vet paid or recorded, $13. 1. Supplies counted on December 31, 2021, 372 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 2022 Required: 7. Prepare the closing journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Debit Credit View transaction list View Journal entry worksheet No Transaction General Journal 1 Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Payable Interest Expense Supplies Expense Retained Earnings

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