I need to have this homework completed by tonight and have no idea how to do it.
3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=2.&postSubmissionView=13252714941769119,132527149418544… 1/3 2. Award: 10.00 points [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 4 Accounts Receivable 4 Supplies 11 Land 0 Equipment 59 Accumulated Depreciation $ 7 Software 14 Accumulated Amortization 6 Accounts Payable 6 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 66 Retained Earnings 7 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $92 $92 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $158 on December 8, including $39 on credit and $119 collected in cash. i. Recognized salaries and wages expense on December 9, $84 paid in cash. j. Collected accounts receivable on December 10, $23. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. l. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $9. It will be paid in 2019. 1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.) Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=2.&postSubmissionView=13252714941769119,132527149418544… 2/3 Supplies Land Beg. Bal. Beg. Bal. End. Bal. End. Bal. Equipment Accumulated Depreciation Beg. Bal. Beg. Bal. End. Bal. End. Bal. Software Accumulated Amortization Beg. Bal. Beg. Bal. (d) End. Bal. End. Bal. Accounts Payable Notes Payable (short-term) Beg. Bal. Beg. Bal. 0 (f) End. Bal. End. Bal. Salaries and Wages Payable Interest Payable Beg. Bal. 0 Beg. Bal. 0 (o) (n) End. Bal. End. Bal. Income Tax Payable Common Stock Beg. Bal. 0 Beg. Bal. End. Bal. End. Bal. Retained Earnings Service Revenue Beg. Bal. Beg. Bal. 0 End. Bal. End. Bal. Salaries and Wages Expense Depreciation Expense Beg. Bal. 0 Beg. Bal. 0 (i) End. Bal. End. Bal. Amortization Expense Income Tax Expense Beg. Bal. 0 Beg. Bal. End. Bal. End. Bal. Interest Expense Supplies Expense Beg. Bal. 0 Beg. Bal. 0 0 0 0 0 0 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=2.&postSubmissionView=13252714941769119,132527149418544… 3/3 g g End. Bal. End. Bal.0 0 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=3.&postSubmissionView=13252714941769119,132527149415866… 1/2 [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 4 Accounts Receivable 4 Supplies 11 Land 0 Equipment 59 Accumulated Depreciation $ 7 Software 14 Accumulated Amortization 6 Accounts Payable 6 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 66 Retained Earnings 7 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $92 $92 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $158 on December 8, including $39 on credit and $119 collected in cash. i. Recognized salaries and wages expense on December 9, $84 paid in cash. j. Collected accounts receivable on December 10, $23. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. l. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $9. It will be paid in 2019. 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=3.&postSubmissionView=13252714941769119,132527149415866… 2/2 3. Award: 10.00 points 3. Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL, INC. Unadjusted Trial Balance At December 31, 2018 (in thousands) Account Titles Debit Credit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short–term) Salaries and Wages Payable Interest Payable Income Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals $ 0 $ 0 rev: 09_17_2019_QC_CS-180876 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=5.&postSubmissionView=13252714941769119,132527149418544… 1/3 [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 4 Accounts Receivable 4 Supplies 11 Land 0 Equipment 59 Accumulated Depreciation $ 7 Software 14 Accumulated Amortization 6 Accounts Payable 6 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 66 Retained Earnings 7 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals $92 $92 Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $158 on December 8, including $39 on credit and $119 collected in cash. i. Recognized salaries and wages expense on December 9, $84 paid in cash. j. Collected accounts receivable on December 10, $23. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. l. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $9. It will be paid in 2019. 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=5.&postSubmissionView=13252714941769119,132527149418544… 2/3 5. Award: 10.00 points 5. Post the adjusting entries from requirement 4 and prepare an adjusted trial balance. (Enter your answers in thousands of dollars.) H & H TOOL, INC. Adjusted Trial Balance (in thousands) Account Titles Debit Credit 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 Supplies Expense Depreciation Expense Amortization Expense Interest Expense Income Tax Expense Total $ 0 $ 0 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=5.&postSubmissionView=13252714941769119,132527149418544… 3/3 3/5/2021 Assignment Print View https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=6.&postSubmissionView=13252714941769119,132527149418544… 1/2 6. Award: 10.00 points [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began