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Requlred Information [The following information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its
Requlred Information [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.) Other data not yet recorded at December 31: a. Insurance expired during the year, $4. b. Depreciation expense for the year, $3. c. Salaries and wages payable, $6. d. Income tax expense, $8. Required: Jsing the adjusted balances, prepare the closing journal entry for the year ended December 31. (If no entry ls requlred for a ransaction/event, select "No Journal Entry Requlred" In the flrst account fleld. Enter your onswers In thousands of dollars.)
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