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Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [The following

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Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [The following information applies to the questions displayed below.) Mint Cleaning Incorporated 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.) . Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Tax Payable Debit Credit $ 57 6 9 118 $ 0 169946 Common Stock 114 Retained Earnings 16 Sales Revenue 128 Insurance Expense 0 Salaries and Wages Expense 29 Supplies Expense 45 Income Tax Expense 0 $ $ Totals. 264 264 Other data not yet recorded at December 31: a. Insurance expired during the year, $8. b. Depreciation expense for the year, $7. c. Salaries and wages payable, $10. d. Income tax expense, $12.

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