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Required: 1. Prepare the adjusting journal entries for 2017. (If no entry is required for a transaction/event, select No journal entry required in the first
Required: 1. Prepare the adjusting journal entries for 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands of dollars.) View transaction list x 1 Insurance expired during 2017, $14. 2 Depreciation expense for 2017, $13. 3 Wages payable, $16. 4 Income tax expense, $18. Credit Note : = journal entry has been entered Record entry Clear entry View general journal 2. Using T-accounts, determine the adjusted balances in each account and prepare an adjusted trial balance as of December 31, 2017. (Enter your answers in thousands of dollars.) Cash Accounts Receivable Beg. bal. Beg. bal. End, bal End, bal. Prepaid Insurance Machinery Beg. bal. Beg. bal. End. bal. End. bal. Accumulated Depreciation Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Wages Payable Income Tax Payable Beg. bal. Beg. bal. End. bal. End. bal. Contributed Capital Retained Earnings Beg. bal. Beg. bal. End. bal. End. bal. Sales Revenue Administrative Expenses Beg. bal. Beg. bal. End. bal. End. bal. Wages Expense Depreciation Expense Beg. bal. Beg. bal. End. bal. End. bal. Insurance Expense Income Tax Expense Beg. bal. Beg. bal. End. bal. End. bal. Credit MINT CLEANING INC. Adjusted Trial Balance December 31, 2017 (in thousands of dollars) Account Titles Debit Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income tax payable Contributed capital Retained earnings Sales revenue Administrative expenses Wages expense Depreciation expense Insurance expense Income tax expense Totals
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