UNADJUSTED Debit Credit 21 18 13 80 14 Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (6,000 shares) Additional paid-in capital Retained earnings Revenues not detailed) Expenses (not detailed) Totals 6 60 12 92 28 172 172 Other data not yet recorded at December 31 include a. Insurance expired during the current year, $11. b. Wages payable, $12. c. Depreciation expense for the current year, $14. d. Income tax expense, $6. Required: 2. Using the adjusted balances, give the closing entry for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet Record the closing entry for current year. Note: Enter debits before credits. Debit Credit Transaction General Journal a. Revenues Expenses Retained earnings X This is a numeric cell, so please enter numbers only. Record entry Clear entry View general journal