Income Tax Expense Interest Expense Supplies Expense Totals 0 $ 107 $ 107 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $172 on December 8, including $46 on credit and $126 collected in cash. i. Recognized salaries and wages expense on December 9, $91 paid in cash. j. Collected accounts receivable on December 10, $30. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2021, $10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022. C4-2 (Algo) Part 5 Required: 5. Prepare an adjusted trial balance. (Enter your answers in thousands of dollars.)

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Chapter1: Financial Statements And Business Decisions
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Line following information applies to the questions displayed below.j
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):
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
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Depreciation Expense
Amortization Expense
Income Tax Expense
Interest Expense
Supplies Expense
Totals
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Transactions and events during 2021 (summarized in thousands of dollars) follow:
a. Borrowed $12 cash on March 1 using a short-term note.
b. Purchased land on March 2 for future building site; paid cash, $9.
c. Issued additional shares of common stock on April 3 for $29.
d. Purchased software on July 4, $10 cash..
F
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e. Purchased supplies on account on October 5 for future use, $18.
f. Paid accounts payable on November 6, $13..
g. Signed a $25 service contract on November 7 to start February 1, 2022.
h Decorded ranning of $177 on Donnmhar O including $16 an cendit and $176 collected in each
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Transcribed Image Text:4 N [ Line following information applies to the questions displayed below.j 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): 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 2 @N Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals W S #3 X command a E D $ 4 C Debit $3 R Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash.. F 5 12 e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13.. g. Signed a $25 service contract on November 7 to start February 1, 2022. h Decorded ranning of $177 on Donnmhar O including $16 an cendit and $176 collected in each 0 66 % ar do 21 < Prev 5 0 0 0 0 $ 107 0 0 0 Credit V $6 T 6 5 0 0 4 0 0 82 8 $ 107 G S 5 6 6 MacBook Pro Y 9 of 10 ⠀ B & 7 H U N +00 8 J Next > 1 ( ( 9 M A K O O < L I ܩܘ P 24 : Help ; + { O = ( L Save & Exit Submit Check my work ? I Piedmont 1 command option delete
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Income Tax Expense
Interest Expense
Supplies Expense
Totals
Transactions and events during 2021 (summarized in thousands of dollars) follow:
a. Borrowed $12 cash on March 1 using a short-term note.
b. Purchased land on March 2 for future building site; paid cash, $9.
c. Issued additional shares of common stock on April 3 for $29.
d. Purchased software on July 4, $10 cash.
e. Purchased supplies on account on October 5 for future use, $18.
f. Paid accounts payable on November 6, $13.
g. Signed a $25 service contract on November 7 to start February 1, 2022.
C4-2 (Algo) Part 5
h. Recorded revenues of $172 on December 8, including $46 on credit and $126 collected in cash.
i. Recognized salaries and wages expense on December 9, $91 paid in cash.
j. Collected accounts receivable on December 10, $30.
Data for adjusting journal entries as of December 31:
k. Unrecorded amortization for the year on software, $6.
1. Supplies counted on December 31, 2021, $10.
m. Depreciation for the year on the equipment, $6.
n. Interest of $1 to accrue on notes payable.
o. Salaries and wages earned but not yet paid or recorded, $12.
p. Income tax for the year was $8. It will be paid in 2022.
@
2
Required:
5. Prepare an adjusted trial balance. (Enter your answers in thousands of dollars.)
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Transcribed Image Text:W ! A 1 N Income Tax Expense Interest Expense Supplies Expense Totals Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2022. C4-2 (Algo) Part 5 h. Recorded revenues of $172 on December 8, including $46 on credit and $126 collected in cash. i. Recognized salaries and wages expense on December 9, $91 paid in cash. j. Collected accounts receivable on December 10, $30. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2021, $10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022. @ 2 Required: 5. Prepare an adjusted trial balance. (Enter your answers in thousands of dollars.) > W S #3 X H command Q E D 0 $107 $ 4 0 0 C R < Prev F $107 % 5 V T 4 5 6 6 G T Y B 9 & 7 H of 10 U # 00 * N 8 J Next > E - ( ( * 9 K M ) O O 4 L < I of P Help : command ; + + l { O Save & Exit [ Check 11 . ? 1 option
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