Question
Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are
Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Cash. Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Tax Payable Debit $ 47 Credit 9 4 98 $ 0 Common Stock Retained Earnings Sales Revenue 94 10 99 0 19 35 0 $ 212 $ 212 Insurance Expense Salaries and Wages Expense Supplies Expense Income Tax Expense Totals Other data not yet recorded at December 31: a. Insurance expired during the year, $2. b. Depreciation expense for the year, $1. c. Salaries and wages payable, $4. d. Income tax expense, $6.
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