Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Incorporated) on January 2020. The annual reporting perlod 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 Debit $ 2 6 13 Credit Supplies Land Equipment Accunulated Depreciation Software 54 21 Accunulated Amortization Accounts Payable Notes Payable (short-tern) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Retained tarnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Exреnse Interest Expense Supplies Expense Tot als
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Incorporated) on January 2020. The annual reporting perlod 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 Debit $ 2 6 13 Credit Supplies Land Equipment Accunulated Depreciation Software 54 21 Accunulated Amortization Accounts Payable Notes Payable (short-tern) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Retained tarnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Exреnse Interest Expense Supplies Expense Tot als
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries
Section21.1: Accruals
Problem 1WT
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salaries and wages expense
supplies expense
amoization expense
interest expense
income tax expense
Total
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H AND H TOOLS INC DECEMBER 2021
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