Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL,...
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Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL, INCORPORATED Unadjusted Trial Balance At December 31, 2021 (in thousands) Account Titles Debit Credit Cash $ 67 Accounts Receivable 20 Supplies 28 Land 7 Equipment 59 $ 7 26 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock 6 9 13 0 0 0 91 Retained Earnings Service Revenue 7 158 Salaries and Wages Expense 84 Supplies Expense 0 Depreciation Expense 0 Interest Expense 0 Income Tax Expense 0 Totals $ 291 $ 291 ! Required information H & H TOOL, INCORPORATED Adjusted Trial Balance At December 31, 2021 (in thousands) Account Titles Debit Credit Cash $ 67 Accounts Receivable 20 Supplies 11 Land 7 Equipment 59 Accumulated Depreciation 14 Software 26 Accumulated Amortization 12 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable 9 13 12 2 9 Common Stock 91 Retained Earnings 7 Service Revenue 158 Salaries and Wages Expense 96 Supplies Expense 17 Depreciation Expense 7 Amortization Expense 6 Interest Expense 2 Income Tax Expense 9 Total $ 327 $ 327 Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minu H & H TOOL, INCORPORATED Balance Sheet Equipment Software (in thousands) < Req 6B 0 0 0 0 Req 6C > 0 0 0 Revenues H & H TOOL, INCORPORATED Income Statement For the Year Ended December 31, 2021 (in thousands) Service Revenue Total Revenues $ 158 158 Expenses Salaries and Wages Expense (96) Supplies Expense (17) Depreciation Expense (7) Amortization Expense (6) Interest Expense (2) Income Tax Expense (9) Total Expenses Net Income (137) $ 21 Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL, INCORPORATED Unadjusted Trial Balance At December 31, 2021 (in thousands) Account Titles Debit Credit Cash $ 67 Accounts Receivable 20 Supplies 28 Land 7 Equipment 59 $ 7 26 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock 6 9 13 0 0 0 91 Retained Earnings Service Revenue 7 158 Salaries and Wages Expense 84 Supplies Expense 0 Depreciation Expense 0 Interest Expense 0 Income Tax Expense 0 Totals $ 291 $ 291 ! Required information H & H TOOL, INCORPORATED Adjusted Trial Balance At December 31, 2021 (in thousands) Account Titles Debit Credit Cash $ 67 Accounts Receivable 20 Supplies 11 Land 7 Equipment 59 Accumulated Depreciation 14 Software 26 Accumulated Amortization 12 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable 9 13 12 2 9 Common Stock 91 Retained Earnings 7 Service Revenue 158 Salaries and Wages Expense 96 Supplies Expense 17 Depreciation Expense 7 Amortization Expense 6 Interest Expense 2 Income Tax Expense 9 Total $ 327 $ 327 Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minu H & H TOOL, INCORPORATED Balance Sheet Equipment Software (in thousands) < Req 6B 0 0 0 0 Req 6C > 0 0 0 Revenues H & H TOOL, INCORPORATED Income Statement For the Year Ended December 31, 2021 (in thousands) Service Revenue Total Revenues $ 158 158 Expenses Salaries and Wages Expense (96) Supplies Expense (17) Depreciation Expense (7) Amortization Expense (6) Interest Expense (2) Income Tax Expense (9) Total Expenses Net Income (137) $ 21
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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