Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, and Balance Sheet and Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4 and LO 4-5] [The following information applies to the questions displayed below.] Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31 Account Titles Debit Credit 56 Cash Accounts Receivable 5 Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable 116 $ 0 5 Common Stock 111 Retained Earnings 12 Sales Revenue 129 Insurance Expense Salaries and Wages Expense Supplies Expense 28 44 $257 $257 Totals Other data not yet recorded at December 31: a. Insurance expired during the year, $6 b. Depreciation expense for the year, $5. c. Wages payable, $8. d. Income tax expense, $10. MINT CLEANING INC. Statement of Retained Earnings Beginning Balance, January 1 Ending Balance December 31 References eBook & Resources Financial Statements Difficulty: 2 Medium E4-17 part 2 Learning Objective: 04-04 Pr Check my work 11 value 1.00 points E4-18 Required: Using the above adjusted balances, prepare the closing journal entry as of December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the closing entry for the above data. Note: Enter debits before credits. Credit Transaction General Journal Debit 1 Record entry View general journal Clear entry