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Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplity the case, the

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Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplity the case, the amounts given are in thousands of dolars Account Titles Debit Credt receivable 25 20 87 Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital 21 67 19 122 Revenues (not detaled) Expenses Totals Other data not yet recorded at December 31 include: a. Insurance expired during the current year, $14. b. Wages payable, $14 c. Depreciaton expense for the current year, $16. d. Income tax expense, $13

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