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Required information [The following information applies to the questions displayed below.] Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its
Required information [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. (Assume amounts are reported in thousands of dollars.) Debit Credit $ 38 9 6 80 $ 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 Totals 76 4 80 a 10 26 $169 $169 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. Required information Reg 2A Req 2B Using T-accounts, determine the adjusted balances in each account. (Enter your answers in thousands of dollars.) Cash Accounts Receivable Beg Bal Beg Bal End. Bal End. Bal Prepaid Insurance Equipment Beg Bal Beg Bal End. Bal End. Bal. Accumulated Depreciation Accounts Payable Beg Bal Beg Bal End. Bal End. Bal. Salaries and Wages Payable Income Tax Payable Beg Bal. Beg Bal End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal. Beg Bal End. Bal. End. Bal. Sales Revenue Supplies Expense Beg Bal. Beg Bal End. Bal End. Bal Salaries and 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. Prepare an adjusted trial balance as of December 31. (Enter your answers in thousands of dollars.) MINT CLEANING INC. Adjusted Trial Balance (in thousands of dollars) Debit Account Titles Credit Totals
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