Green Valley Company prepared the following trial balance at the end of its first year of operations ending December

To simplify the case, the amounts given are in thousands of dollars.

Other data not yet recorded at December $31$ include

a$.$ Insurance expired during the current year, $$5.$

b$.$ Wages payable, $$8.$

c$.$ Depreciation expense for the current year, $$10.$

d$.$ Income tax expense, $$11.$

Required:

Prepare the adjusting entries for the current year.

Complete the trial balance Adjustments and Adjusted columns. The "Reference" column is for the reference letter

of the adjusting entry effect.

Complete this question by entering your answers in the tabs below.

Required Required

$12$

Prepare the adjusting entries for the current year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first

account field. Enter your answers in thousands.

Journal entry worksheet

$1,2,3,4$

Record the insurance expired in current year but not

recorded, $$5.$

Note: Enter debits before credits.