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	Debit			Credit
Cash	$	66
Accounts Receivable		23
Prepaid Insurance		34
Machinery		136
Accumulated Depreciation				$	0
Accounts Payable					23
Contributed Capital					132
Retained Earnings					18
Sales Revenue					164
Administrative Expenses		54
Wages Expense		24
Totals	$	337		$	337

Other data not yet recorded at December 31, 2017, is as follows:

1. Insurance expired during 2017, $19.
2. Depreciation expense for 2017, $18.
3. Wages payable, $21.
4. Income tax expense, $23.

Required: 1. Prepare the adjusting journal entries for 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands of dollars.)

2. Using T-accounts, determine the adjusted balances in each account and prepare an adjusted trial balance as of December 31, 2017. (Enter your answers in thousands of dollars.)

3. Prepare Adjusted Trial Balance.