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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

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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 4-51 [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. Debit Credit $ 56 5 8 $ 0 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense 129 28 44 Totals $257 $257 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. 6. le Required 0.50 points E4-16 Part 1 Required: 1. Prepare the adjusing journal for the ended Deo 31. of no entry is required transaction levent select "No Journal Entry Required in the first count field) View transaction list Journal entry worksheet Record the entry for insurance expired during the year, $6. Note: Enter debits betere credits Transaction General Journal Dahlt Credit Record entry Clear entry View general Journal

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