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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 year
[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. Debit Credit $ 40 11 8 84 $ 0 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 11 80 8 84 0 12 28 Totals $183 $183 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. Required: Using the above adjusted balances, prepare a classified balance sheet for 2015. (Amounts to be deducted should be indicated by a minus sign.). MINT CLEANING INC. Balance Sheet $ 0 $ 0 0 $ 0 Required: Using the above adjusted balances, prepare the closing journal entry as of December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the closing entry for the above data. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry View general journal Clear entry
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