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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

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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) Totals 142 142 U Other data not yet recorded at December 31 Include a. Insurance expired during the current year, $6. b. Wages payable, $7. c. Depreciation expense for the current year, $9. d. Income tax expense, $10. nces 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 1 Required 2 16 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 Adjusted Account Titles Debit Credit Ref. Debit Credit Debit Credit Cash Accounts receivable 131 Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock Additional paid-in capital Retained earnings Revenues not detailed) 75 Expenses (not detailed) Totals 142 1421 000

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