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Brother: Harry and Herman Housyerdsy began operations of their machine shop (H & H Tool,...

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Accounting

Brother: Harry and Herman Housyerdsy began operations of their machine shop (H & H Tool, Incorporstec) on Januery 1,2020. The snnual reporting period end: December 32. The trisl bolance on Janusy 1,2021, follows (the smounts sie rounded to thousands of dolars to simplifyls
\table[[Account Titles,osblt,Credst],[Cash,$4,],[Accounts focelvable,4,],[Supplies,11,],[Land,8,],[Equipesint,56,],[Accunulated Deprociation,,57],[Software,23,],[Accunulated Aeortization,,5],[Accounts Payable,,6],[Noter Vayable (short-tera),,a],[Salar ies and wapes Payable,,a],[Interest payable,,a],[Incone Tax Payable,,a],[Comon Stock,,67],[Potalnod Earnings,,7],[Sorvice flevenae,,],[Salaries and wages Exponse,0,],[Depreciation Expersie,a,],[Aeortization Experse,0,],[Incone Tax Exponse,0,],[Interest Expense,0,],[Supplies Expense,8,],[Totals,$92,$92
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