Using T-accounts, determine the adjusted balances in each account.

Mint Cleaning Inc. 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.)

Account Titles	Debit				Credit
Cash	$	45
Accounts Receivable		16
Prepaid Insurance		8
Equipment		94
Accumulated Depreciation					$	0
Accounts Payable						16
Common Stock						90
Retained Earnings						12
Sales Revenue						95
Insurance Expense		0
Salaries and Wages Expense		17
Supplies Expense		33
Totals	$	213			$	213

Other data not yet recorded at December 31:

1. Insurance expired during the year, $7.
2. Depreciation expense for the year, $6.
3. Salaries and wages payable, $9.
4. Income tax expense, $11.

41 ! Part 2 of 7 Required information E4-16 through E4-18 Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, and Balance Sheet and Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4 and LO 4-5] [The following information applies to the questions displayed below.] 0.54 points Mint Cleaning Inc. 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.) eBook Credit Debit $ 45 16 8 94 GO Hint 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 Totals $ 0 16 90 12 95 Print References 17 33 $213 $213 Other data not yet recorded at December 31: a. Insurance expired during the year, $7. b. Depreciation expense for the year, $6. c. Salaries and wages payable, $9. d. Income tax expense, $11. E4-16 Part 2 2-a. Using T-accounts, determine the adjusted balances in each account. Complete this question by entering your answers in the tabs below. Reg 2A Reg 2B Using T-accounts, determine the adjusted balances in each account. (Enter your answers in thousands of dollars.) Accounts Receivable Cash 45 Beg. Bal. Beg. Bal. 16 End. Bal. 45 End. Bal. 16 Prepaid Insurance Equipment 94 Beg. Bal. Beg. Bal. 7 a. End. Bal. End. Bal. 94 Accumulated Depreciation Accounts Payable Beg. Bal. 0 Beg. Bal. 16 6 b. End. Bal. 6 End. Bal. 16 Salaries and Wages Payable Income Tax Payable Beg. Bal. Beg. Bal. 9 C. 11 d. End. Bal. 9 End. Bal. 11 Common Stock Retained Earnings Beg. Bal. 90 Beg. Bal. 12 End. Bal. 90 End. Bal. 12 Sales Revenue Supplies Expense 33 Beg. Bal. 95 Beg. Bal. End. Bal. 95 End. Bal. 33 Depreciation Expense Salaries and Wages Expense 17 Beg. Bal. Beg. Bal. 9 b. 6 End. Bal. 26 End. Bal. Insurance Expense Income Tax Expense Beg. Bal. Beg. Bal. a. d. 11 End. Bal. End. Bal. 11