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Required information E4-16 through E4-18 (Static) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance

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Required information E4-16 through E4-18 (Static) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet and Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5) [The following information applies to the questions displayed below) Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Debit Credit Cash $38 Accounts Receivable 9 Prephid Insurance 6 Equipment 80 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Insurance Expense 0 Salaries and Wages Expense 10 26 Supplies Expense 0 Income Tax Expense Totals $169 $169 $0 9 0 0 76 4 80 Other data not yet recorded at December 31: a. Insurance expired during the year. $5. b. Depreciation expense for the year, $4. c. Salaries and wages payable, $7. d. Income tax expense. $9. Cash Credit Debit Beginning Balance Accounts Receivable Debit Beginning Balance Credit Ending Balance 59 Ending Balance Prepaid Insurance Equipment Debit Credit Credit Beginning Balance Debit Beginning Balance es Ending Balance 0 Ending Balance Accumulated Depreciation Accounts Payable Dobit Credit Credit Debit Beginning Balance Beginning Balance 0 0 Ending Balance Ending Balance Prey CD 12 13 14 17 of 17 THE Next > Salaries and Wages Payable Income Tax Payable Debit Credit Credit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance 0 Common Stock Retained Earnings Credit Credit Debit Beginning Balance Dabit Beginning Balance Ending Balance 0 Ending Balance Sales Revenue Supplies Expense Credit Credit Dobit Beginning Balance Debit Beginning Balance 0 0 Ending Balance Ending Balance Salaries and Wages Expense Debit Credit Depreciation Expense Debit Beginning Balance Credit Beginning Balance Ending Balance Ending Balance 0 Insurance Expense Income Tax Expense Credit Debit Debit Beginning Balance Credit Beginning Balance Ending Balance 0 Ending Balance 0 ROR 2 Req 2B>

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