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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

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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 second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles. Cash Debit Credit Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock $ 44 15 7 92 $ 0 15 91 Retained Earnings 7 Sales Revenue 93 Insurance Expense Salaries and Wages Expense 16 Supplies Expense 32 Totals $206 $206 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. 2-a. Using T-accounts, determine the adjusted balances in each account. 2-b. Prepare an adjusted trial balance as of December 31.

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