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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 simplify the case,

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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 simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at Docember 31 include a. Insurance expired during the current year, $4. b. Wages payable, $6 c. Depreciation expense for the current year, $8 d. Income tax expense, $9 Required: 1. Prepare the adjusting entries for the current year. 2. Complete the trial balance Adjustments and Adjusted columns. The "Reference" column is for the reference lotter of the adjusting entry effect Complete this question by entering your answers in the tabs below. b. Wages payable, $6. c. Depreciation expense for the current year, $8. d. Income tax expense, $9 Required: 1. Prepare the adjusting entries for the current year. 2. 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. Prepare the adjusting entries for the current year. Note: If no entry is required for a transaction/event, solect "No journal entry required" in the first account field, Enter your answers in thousands. Journal entry worksheet Record the insurance expired in current year but not recorded, 54 . Wote4 Enter debits thefore credits, Prepare the adjusting entries for the current year. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter yoar answers in thousands. Journal entry worksheet Record the insurance expired in current year but not recorded, $4. Hote Enter dablits before credite. Complete the trial balance Adjustments and Adjusted columns. The "Reference" column is for the reference letter of the adjusting Note: For revenues and expenses enter the total amount of adjustments in the adjusted column. Enter your answers in thousands

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