Question

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 12016. The annual reporting period ends December 31. The trial balance on January 12018, follows the amounts are rounded to thousands of dollars to simplify ): Debit Credit $ 2 6 13 64 $ 5 18 4 4 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 81 9 $103 $ 103 Transactions and events during 2018 (summarized in thousands of dollars) follow

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, 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): Debit Credit $ 2 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 $183 $103

Answer 1

Dr Date Particular March 1 Cash A/C Short Term Note co March 3 Lnad A/C Sale Apr 3 27 Cash Alc Share Capital $ 27 July 4 Software A/C Cash Oct 5 $ Material Purchase Account Payable 3 Nov 6 Account Payable Cash Alc 1 Nov 7 No Journal Entry Required 3 Dec 8 124 9. Cash A/C Account Reciavable Revenue A/C 5 $ 168 26 28 89 27 Dec 9 Salary & Wages A/c $ 89 Cash $ 29 30 Dec 10 Cash Alc 31 Account Reciavable 32 33 Note : As per given requirement in question, we are making 34 entry only a toj and we are not doing entry from K to P. 28 35