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. 2. Using T-accounts, determine the adjusted balances in each account and prepare an adjusted trial balance as of December 31 Cash Accounts Receivable eg. Bal. Beg. Bal. End. Bal End. Bal. Prepaid Insurance Equipment Beg. Bal Beg. Bal. End. Bal End. Bal. Accumulated Depreciation- Equipment Accounts Paya ble Beg. Bal. Beg. Bal End. Bal End. Bal Salaries and Wages Payable Beg. Bal Income Tax Payable Beg. Bal. End. Bal End. Bal. Common Stock Retained Earnings Beg. Bal Beg. Bal. End. Bal. End. Bal. Supplies Expense Sales Revenue Beg. Bal Beg. Bal. End. Bal End. Bal. Depreciation Expense Salaries and Wages Expense Beg. Bal Beg. Bal End. Bal End. Bal. Insurance Expense Income Tax Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal MINT CLEANING INC. Adjusted Trial Balance Account Titles Debit Credit Totals