Question

Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31, 2014. To simplify the case, the amounts given are in thousands of dollars.


Other data not yet recorded at December 31, 2014, include:
a. Insurance expired during 2014, $7.
b. Wages payable, $4.
c. Depreciation expense for 2014, $9.
d. Income tax expense, $11.

Required:
1. Prepare the adjusting entries for 2014.
2. Complete the trial balance Adjustments and Adjustedcolumns.


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  • CreatedJuly 01, 2014
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