M Question 18 - Chapk https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mhed Saved Chapter 4 Homework i Check my work mode : This shows what is correct or Incorrect 18 Required Information Part 7 of 7 The following information applies to the questions displayed below.) Mint Cleaning Incorporated 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.) 1.25 points Titles Debit Credit cash $38 Accounts Receivable Prepaid Insurance 6 Equipment Accumulated Depreciation Accounts Payable 9 Salaries and Wages Payable Income Tax Payable Common Stock 76 Retained Earnings 4 Sales Revenue Insurance Expense Salaries and Wages Expense 10 Supplies Expense Income Tax Expense Totals $169 $169 Other data not yet recorded at December 31: a. Insurance expired during the year. $5 b. Depreciation expense for the year. $4. c. Salaries and wages payable, $7. d. Income tax expense, $9. Required: Using the adjusted balances, prepare the closing journal entry 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. Enter your answers In thousands, not In dollars (1.e., 10,000 should be entered as 10).) 2 Answer is complete but not entirely correct. No Transaction General Journal Debit A Credit Sales Revenue 80 Insurance Expense Salaries and Wages Expense Supplies Expense 17 Income Tax Expense 80 Retained Earnings Depreciation Expense 16 70OF