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[The following information applies to the questions displayed below.] Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second
[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. Account Titles Debit Credit Cash $ 52 Accounts Receivable 14 Prepaid Insurance 9 Equipment Accumulated Depreciation Accounts Payable 108 $ 0 14 Common Stock 104 Retained Earnings 17 Sales Revenue 112 Insurance Expense 0 Salaries and Wages Expense 24 Supplies Expense 40 Totals $247 $247 Other data not yet recorded at December 31: a. Insurance expired during the year, $7. b. Depreciation expense for the year, $6. c. Wages payable, $9. d. Income tax expense, $11. 24624
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