3. By what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? (Enter your answers in thousands of dollars.) Net income by Check my work Part 2 of 7 Required information [The following information applies to the questions displayed below.) Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) points Debit Credit $ 40 11 eBook 84 $ 0 Hint Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Totals Print Reference 28 $183 $183 Other data not yet recorded at December 31: a. Insurance expired during the year, $7. b. Depreciation expense for the year, $6. c. Salaries and wages payable, $9. d. Income tax expense, $11. 2-a. Using T-accounts, determine the adjusted balances in each account. 2-b. Prepare an adjusted trial balance as of December 31. Complete this question by entering your answers in the tabs below. eBook Req 2A Req 2B Hint Using T-accounts, determine the adjusted balances in each account. (Enter your answers in thousands of dollars.) Cash Print Accounts Receivable Beg. Bal. Beg. Bal. Reference End. Bal. End. Bal. Prepaid Insurance Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Accumulated Depreciation Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries and Wages Payable Beg. Bal. Income Tax Payable Beg. Bal. End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Supplies Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries and Wages Expense Beg. Bal. Depreciation Expense Beg. Bal. End. Bal. End. Bal. Insurance Expense Income Tax Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Req 2A Req 2B> 084 Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Totals eBook _28 28 $183 $183 $183 Hint Other data not yet recorded at December 31: Print a. Insurance expired during the year, $7. b. Depreciation expense for the year, $6. C. Salaries and wages payable, $9. d. Income tax expense, $11. Reference 2-a. Using T-accounts, determine the adjusted balances in each account. 2-b. Prepare an adjusted trial balance as of December 31. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Prepare an adjusted trial balance as of December 31. (Enter your answers in thousands of dollars.) MINT CLEANING INC. Adjusted Trial Balance At December 31 (in thousands of dollars) Account Titles Debit Credit Cash $ 40 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense - 12} Supplies Expense 28 Depreciation Expense IO Salaries and Wages Payable Income Tax Expense Income Tax Payable Totals $ 194 $ 192
