Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of
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Question:
Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December Assume amounts are reported in thousands of dollars.
Account Titles Debit Credit
Cash $
Accounts Receivable
Prepaid Insurance
Equipment
Accumulated Depreciation $
Accounts Payable
Salaries and Wages Payable
Income Tax Payable
Common Stock
Retained Earnings
Sales Revenue
Insurance Expense
Salaries and Wages Expense
Supplies Expense
Income Tax Expense
Totals $ $
Other data not yet recorded at December :
Insurance expired during the year, $
Depreciation expense for the year, $
Salaries and wages payable, $
Income tax expense, $
Required:
Prepare the adjusting journal entries for the year ended December
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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