Question

prepare unadjusted trial balance please.

LIne ioowitg NoTauoi appwes io tue quesioris uispiayeu veiow 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 $ 4 AcCount Titles Cash Accounts Receivable Supplies Land 4 11 Equipment ACcumulated Depreciation software Accumulated Amortization ACCounts Payable Notes Payable (short-term) Salaries and wages Payable Interest Payable Income Tax Payable Common Stock 62 18 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense supplies Expense e Totals $99 $99 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, pald 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 Pald accounts payable on November 6, $14 g Signed a $30 service contract on November 7 to start February 1, 2019 h Recorded revenues of $164 on December 8. Including $42 on credit and $122 collected in cash. L Recognized salaries and wages expense on December 9, $87 pald in cash. Collected accounts recelvable on December 10, $26 Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $7 1 Supplies counted on December 31, 2018, $1 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 pald or recorded, $11. p. Income tax for the year was $9. It will be pald in 2019.

Answer 1

Answer

UnadjustedTrial Balance
Cash	$    70
Account receivable	$    20
Supplies	$    11
Land	$      7
Equipment	$    62
Accumulated depreciation		$      7
Software	$    30
Accumulated Amortization		$      7
Account payable		$      9
Notes payable (short term)		$    13
Salaries and wages payable		$     -
Interest payable		$     -
Income tax payable		$     -
Common stock		$    97
Retained earnings		$      7
Service revenue		$ 164
Salaries and wages expense	$    87
Supplies expense	$    17
Depreciation expense
Interest expense	$     -
Income tax expense	$     -
Total	$ 304	$ 304

Calculations:

Trial Balance
Cash	=4+13-7+25-12-14+122-87+26
Account receivable	=4+42-26
Supplies	=11
Land	=7
Equipment	=62
Accumulated depreciation		=7
Software	=18+12
Accumulated Amortization		=7
Account payable		=6+17-14
Notes payable (short term)		=13
Salaries and wages payable		0
Interest payable		0
Income tax payable		0
Common stock		=72+25
Retained earnings		=7
Service revenue		=164
Salaries and wages expense	87
Supplies expense	=17
Depreciation expense
Interest expense	0
Income tax expense	0

Note

No journal entry is passed for entry g as there is no financial transaction.

In case of any doubt, please comment.