Find net income,

ending retained earnings,

and total assets:

1. 2. 3. 4. MINT CLEANERS PRACTICE PROBLEM: We'll use this problem to practice these steps in the Accounting Cycle: Prepare adjusting entries in General Journal Post adjusting entries to General Ledger Prepare adjusted Trial Balance Prepare Income Statement, Statement of Retained Earnings, and Balance Sheet. Prepare Closing Entries. We'll do this on Friday. 5. E4-16 Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31 Account Titles Debit Credit 6 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense 76 4 0 10 Totals $ 169 169 Mint Cleaners, AJE info Other data not yet recorded at December 31: Insurance expired during the year $5. Depreciation expense for the year, $4. Wages payable, $7. Income tax expense, $9 a. b d