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pls help Required information [The following information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end
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Required information [The following information applies to the questions displayed below.] 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 Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Income Tax Expense Totals Debit Credit $38 9 6 80 $0 9 0 0 76 4 80 0 10 26 0 $169 $169 Other data not yet recorded at December 31: a. Insurance expired during the year, $5. b. Depreciation expense for the year, $4. c. Salaries and wages payable, $7. d. Income tax expense, $9. 2-a. Post the beginning balances and adjusting entries to the following T-accounts. 2-b. Prepare an adjusted trial balance as of December 31. Cash Accounts Receivable Debit Debit Credit Credit Beginning Balance 38,000 Beginning Balance 9,000 Ending Balance 38000 Ending Balance 9,000 Prepaid Insurance Equipment Debit Credit Debit Credit Beginning Balance 6,000 5,000 Beginning Balance 80,000 Ending Balance 1,000 Ending Balance 80,000 Accumulated Depreciation Debit Credit Debit Accounts Payable Credit 9,000 Beginning Balance 4,000 Beginning Balance Ending Balance 4,000 Ending Balance 9,000 Salaries and Wages Payable Income Tax Payable Debit Credit Debit Credit Beginning Balance 0 Beginning Balance 0 9,000 7,000 c. d. Ending Balance 7,000 Ending Balance 9,000 Common Stock Retained Earnings Debit Debit Credit Beginning Balance Credit 76,000 Beginning Balance 4,000 Ending Balance 76,000 Ending Balance 4,000 Sales Revenue Supplies Expense Debit Credit Debit Credit Beginning Balance 80,000 Beginning Balance 26,000 Ending Balance 80,000 Ending Balance 26,000 Sales Revenue Supplies Expense Debit Credit Debit Credit Beginning Balance 80,000 X Beginning Balance 26,000 Ending Balance 80,000 Ending Balance 26,000 Salaries and Wages Expense Depreciation Expense Debit Debit Credit Credit Beginning Balance 10,000 Beginning Balance b. C. 7,000 4,000 Ending Balance 17,000 Ending Balance 4,000 Insurance Expense Income Tax Expense Debit Credit Debit Credit Beginning Balance 0 Beginning Balance d. a. 5,000 9,000 Ending Balance 5,000 Ending Balance 9,000 Req 2A Req 2B> *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Prepare an adjusted trial balance as of December 31. (Enter your answ Credit MINT CLEANING INCORPORATED Adjusted Trial Balance At December 31 (in thousands of dollars) Account Titles Debit Cash $ 38,000 Accounts Receivable 9,000 Prepaid Insurance 1,000 Equipment 80,000 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Depreciation Expense 4,000 Salaries and Wages Expense 17,000 Insurance Expense 5,000 Income Tax Expense 9,000 Supplies Expense 26,000 4,000 9,000 7,000 9,000 76,000 $ 4,000 80,000 Totals $ 189,000 189,000Step by Step Solution
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