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E4-20 (Algo) Recording Four Adjusting Entries and Completing the Trial Balance Worksheet LO4-1 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. UNADJUSTED Debit Credit Account Titles Cash 28 Accounts receivable Prepaid insurance Machinery Accumulated depreciation ACcounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed Expenses (not detailed) 25 20 87 21 4 67 19 122 35 214 214 Totals Other data not yet recorded at December 31 include a. Insurance expired during the current year, $14 b. Wages payable, $14. c. Depreciation expense for the current year, $16 d. Income tax expense, $13. Required: 1. Prepare the adjusting entries for the current year 2. Complete the trial balance Adjustments and Adjusted columns. The "Ref." column is for the reference letter of the adjusting entry effect Complete this question by entering your answers in the tabs below. Required Required 2 1 Complete the trial balance Adjustments and Adjusted columns. The "Ref." column is for the reference letter of the adjusting entry effect. (For revenues and expenses enter the total amount of adjustments in the adjusted column. Enter your answers in thousands.) Show lessA GREEN VALLEY COMPANY a. Insurance expired during the current year, $14. b. Wages payable, $14 c. Depreciation expense for the current year, $16 d. Income tax expense, $13. Required: 1. Prepare the adjusting entries for the current year. 2. Complete the trial balance Adjustments and Adjusted columns. The "Ref." column is for the reference letter of the adjusting entry effect Complete this question by entering your answers in the tabs below. Required Required 2 Complete the trial balance Adjustments and Adjusted columns. The "Ref." column is for the reference letter of the adjusting entry effect. (For revenues and expenses enter the total amount of adjustments in the adjusted column. Enter your answers in thousands.) Show less GREEN VALLEY COMPANY Trial Balance December 31, Current Year Unadjusted Adjustments Credit Adjusted Debit Account Titles Credit Debit Ref. Debit Credit Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock Additional paid-in capital Retained earnings Revenues (not detailed) 28 28 25 25 20 14 87 87 16 16 21 21 14 14 13 13 4 4 67 67 19 19 122 122 Expenses (not detailed) 57 222 35 57 179 Totals 214 57 57 257 Required 1 Required 2