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Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations, ending December 31, 2017. To simplify
Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations, ending December 31, 2017. To simplify this exercise, the amounts given in the unadjusted trial balance are in thousands of dollars. Account Titles Cash Accounts Receivable Prepaid Insurance Machinery Accumulated Depreciation Accounts Payable Contributed Capital Retained Earnings Sales Revenue Administrative Expenses Wages Expense Totals Debit $ 38 Credit 9 260 80 $ 1964 76 80 26 10 $ 169 $ 169 Other data not yet recorded at December 31, 2017, is as follows: a. Insurance expired during 2017, $5. b. Depreciation expense for 2017, $4. c. Wages payable, $7. d. Income tax expense, $9.
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