Question

What am I missing?

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):

Transactions and events during 2018 (summarized in thousands of dollars) follow:

1. Borrowed $12 cash on March 1 using a short-term note.

2. Purchased land on March 2 for future building site; paid cash, $9.

3. Issued additional shares of common stock on April 3 for $29.

4. Purchased software on July 4, $10 cash.

5. Purchased supplies on account on October 5 for future use, $18.

6. Paid accounts payable on November 6, $13.

7. Signed a $25 service contract on November 7 to start February 1, 2019.

8. Recorded revenues of $172 on December 8, including $46 on credit and $126 collected in cash.

9. Recognized salaries and wages expense on December 9, $91 paid in cash.

10. Collected accounts receivable on December 10, $30.

Data for adjusting journal entries as of December 31:

11. Unrecorded amortization for the year on software, $6.

12. Supplies counted on December 31, 2018, $10.

13. Depreciation for the year on the equipment, $6.

14. Interest of $1 to accrue on notes payable.

15. Salaries and wages earned but not yet paid or recorded, $12.

16. Income tax for the year was $8. It will be paid in 2019.

1. 1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.) 

2. 
   

What Am I Missing?

Here are my journal entries