Question

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 6 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 $106 $106

Answer 1

Answer Page No ③ © Admieling Towegonal catrices chose thanayah ? → Supplies expense = Supplies + Purchased supplies on account on oct 5 – Supplies counted on dec 31 = $13 + $19 - $10 = $20 si o L Account title Debit Coredit Amortization expenses Accumulated amortization supplies expense Supplies Depreciation expense Accomellated depreciation Interest expenses Interest payable salaries & coges expenses Salaries & wages payable Income tax expenses Income tax payable $ TA