SA-Comprehensive Problem (Manual Posting) Saved Help Save & Exit Submit Check my work 9 Required information (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): Part 9 of 9 Credit Debit $ 2 6 13 eBook 70 $ 5 15 Print 5 4 0 References 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 83 9 9 0 9 9 $ 106 $ 106 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 $24. d. Purchased software on July 4, $11 cash, . Durchacerleunnline on arrunt on Ortaher 5 for future lice 19 SA-Comprehensive Problem (Manual Posting) A Saved Help Save & Exit Submit Check my work 9 Supplies Expense Totals $ 196 $ 106 9 Part 9 of 9 ebook 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 $24. 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. n. Recorded revenues of $180 on December 8, including $50 on credit and $130 collected in cash. i. Recognized salaries and wages expense on December 9, $95 paid in cash. j. Collected accounts receivable on December 10, $34, Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on software, $5. 1. Supplies counted on December 31, 2021, $12. m. Depreciation for the year on the equipment. $5. 77. 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. Print DO References Required: 9-a. How much net income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9.c. What is its current ratio? Complete this question by entering your answers in the tabs below. SA Comprehensive Problem (Manual Posting) A Saved Help Save & Exlt Submit Check my work 9 "... 9 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. Part 9 ors Required: 9-a. How much net income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? eBook Print Complete this question by entering your answers in the tabs below. References Reg 9A Req 96 Reg 9C Reg 9B How much net income old H & H Tool, Incorporated, generate during 2021? What was its net profit margin? (Enter "Net Income" in thousands of dollars. Round "Net Profit Margin" to 1 decimal place.) Net Income Net Profit Margin % ReqSA Req9B > SA-Comprehensive Problem (Manual Posting) Seved Help Save & Exit Submit Check my work 9 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. Part 9 of 9 Required: eBook 9-a. How much net income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9.c. What is its current ratio? - Pant Complete this question by entering your answers in the tabs below. References Reg 9A Rea 9B Rog 9C Is the company financed primarily by liabilities or stockholders' equity? Stockholders' Equity Liabilities SA-Comprehensive Problem (Manual Posting) i Savad Help Save & Exit Submit Check my work 9 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 pald or recorded, $13. p. Income tax for the year was $7. It will be paid in 2022. Part 9 of 9 | Required: - eBook 9-a. How much net income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Print Complete this question by entering your answers the tabs below. References Req 9A Req 9B Reg 9C What its current ratio? (Enter your answers in thousands of dollars.) Current Ratio Numerator Denominator ( Req9B Reqsc)