prepare a adjusting entries for the year

Connect Assignment 4 - Chapter 4 1 Saved 3 Unadjusted Account Titles Debit Credit Cash $ 44 10 Accounts receivable 15 points Prepaid insurance 7 Machinery (20-year life, no residual value) 100 eBook Accumulated depreciation $ 10 Print Accounts payable 15 Wages payable References Income taxes payable Contributed capital (5,000 shares) 85 Retained earnings (deficit) 5 Revenues (not detailed) 99 Expenses (not detailed) 38 Totals $209 $209 a. Insurance expired during the year, $5. b. Depreciation expense for the year, $5. c. Wages payable, $10. d. Income tax expense, $15. Mc Graw Hill OCT