Check my work 10 Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars 10 points UNADJUSTED Debit Credit 20 17 12 79 ook 13 References Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (5,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) Totals 5 59 11 89 27 166 166 Other data not yet recorded at December 31 include Check my work 10 Other data not yet recorded December 31 include 10 points a. Insurance expired during the current year. $9. b. Wages payable, $11 c. Depreciation expense for the current year, $13. d. Income tax expense, $5. eBook References Required: 2. Using the adjusted balances, give the closing entry for the current year. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet Record the closing entry for current year, Mc 10 Mert View transactions o Journal entry worksheet