Complete all of the following listed in the picture. Such as:General JournalGeneral LedaerTrial BalanceIncomeStatementStatement of SEBalance SheetAnalysisFollowing an accountant format.Including:Compute the total asset turnover ratio for 2020....Compute the net profit margin ratio for 2020... Brothers Mike and Tim Hargenrater began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2019.The annual reporting period ends December 31. The trial balance on January 1, 2020, follows:CashAccounts receivableSuppliesLandEquipmentAccumulated depreciation (on equipment)Other noncurrent assets (not detailed to simplify)Accounts payableWages payableInterest payableDividends payableIncome taxes payableLong-term notes payableCommon stock (8,000 shares, $0.50 par value)Additional paid-in capitalRetained earningsService revenueDepreciation expenseSupplies expenseWages expenseInterest expenseIncome tax expenseH & H Tool, Inc.Trial Balance on January 1, 2020Miscellaneous expenses (not detailed to simplify)Totalsg. Purchased other assets, $15,000 cash.h. Purchased supplies on account for future use, $27,000.i. Paid accounts payable, $26,000.RequirementGeneralJournalGeneralLedgerDebitTrial Balance6,0005,00013,000IncomeStatement78,0007,000Transactions during 2020 follow:a. Borrowed $15,000 cash on a five-year, 8 percent note payable, dated March 1, 2020.b. Purchased land for a future building site; paid cash, $13,000.c. Earned $215,000 in revenues for 2020, including $52,000 on credit and the rest in cash.d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2020.e. Incurred $89,000 in wages expense and $25,000 in miscellaneous expenses for 2020, with $20,000 on creditand the rest paid in cash.f. Collected accounts receivable, $34,000.109,000j. Signed a three-year $33,000 service contract to start February 1, 2021.k. Declared cash dividends on December 1, $25,000, which were paid by December 31. [Hint: Prepare two entries.]Data for adjusting entries:1. Supplies counted on December 31, 2020, $18,000.n. Depreciation for the year on the equipment, $10,000.n. Interest accrued on notes payable (to be computed).o. Wages earned by employees since the December 24 payroll but not yet paid, $16,000.p. Income tax expense, $11,000, payable in 2021.Credit8,000Statement ofSE4,00080,00017,000109,000Balance SheetAnalysis RequirementGeneralJournalGeneralLedgerTrial BalanceIncomeStatement.Statement ofSEBalance SheetAnalysis

Journal EntryThe date, the amount to be credited and debited, a brief description of the…

Brothers Mike and Tim Hargenrater began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial balance on January 1, 2020, follows: Cash Accounts receivable Supplies Land Equipment Accumulated depreciation (on equipment) Other noncurrent assets (not detailed to simplify) Accounts payable Wages payable Interest payable Dividends payable Income taxes payable Long-term notes payable Common stock (8,000 shares, $0.50 par value) Additional paid-in capital Retained earnings Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense H & H Tool, Inc. Trial Balance on January 1, 2020 Miscellaneous expenses (not detailed to simplify) Totals. and the rest paid in cash. f. Collected accounts receivable, $34,000. g. Purchased other assets, $15,000 cash. h. Purchased supplies on account for future use, $27,000. Requirement General Journal General Ledger Debit 6,000 5,000 13,000 Trial Balance 78,000 Income Statement 7,000 Transactions during 2020 follow: a. Borrowed $15,000 cash on a five-year, 8 percent note payable, dated March 1, 2020. b. Purchased land for a future building site; paid cash, $13,000. c. Earned $215,000 in revenues for 2020, including $52,000 on credit and the rest in cash. d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2020. e. Incurred $89,000 in wages expense and $25,000 in miscellaneous expenses for 2020, with $20,000 on credit 109,000 i. Paid accounts payable, $26,000. j. Signed a three-year $33,000 service contract to start February 1, 2021. k. Declared cash dividends on December 1, $25,000, which were paid by December 31. [Hint: Prepare two entries.] Data for adjusting entries: 1. Supplies counted on December 31, 2020, $18,000. m. Depreciation for the year on the equipment, $10,000. n. Interest accrued on notes payable (to be computed). o. Wages earned by employees since the December 24 payroll but not yet paid, $16,000. p. Income tax expense, $11,000, payable in 2021. Credit 8,000 Statement of SE 4,000 80,000 17,000 109,000 Balance Sheet Analysis