The folowing infomation 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 $ 44 Cash 15 Accounts Receivable Prepaid Insurance 7 Equipment 92 $ 0 Accumulated Depreclation Accounts Payable Common Stock Retained Earnings 15 91 7 Sales Revenue 93 Insurance Expense Salaries and Wages Expense Supplies Expense o 16 32 $205 $205 Totals Other data not yet recorded at December 31: a. Insurance expired during the year, $5 b. Depreclation expense for the year, $4 c. Wages payable, $7. d. Income tax expense, $9 Required: 1. Prepare the adjusting journal entries for the year ended 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 2 4 Record the entry for insurance expired during the year, $5. Note: Enter debits before credits. General Journal Debit Transaction Credit Record entry Clear entry View general journal eg pug eg pu3 suadxa xe esuedxa eoueansu leg pua esuadxa uogejpaudag asuadxa sebeM pue souejes anuanay sojes eg pu3 lballaiM pue sa Beg. Bal. uoalladn pa eg pu3 Beg. Bal. aoueunsuj Pedoud eg pu3 10000 jo se eouejeq eu pasnpe ue aedaud pue unoooe upea u saoueleq pasnlpe a a aap sunoooe- Busn z MINT CLEANING INC. Adjusted Trial Balance Account Titles Debit Credit Totals 3. By what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? Net income by Required: Using the above adjusted balances, prepare an income statement. MINT CLEANING INC. Income Statement Required: Using the above adjusted balances, prepare a statement of retained earnings. MINT CLEANING INC. Statement of Retained Earnings Beginning Balance,. Ending Balance, December 31 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 Required: Using the above adjusted balances, prepare the closing jounal entry as of December 31. (If no entry is required for a transactionlevent, 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. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal