Using the adjusted balances, prepare the closing journal entry for the year ended December 31.

I've included the adjusted trial balance if it helps at all.

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.) Account Titles Debit Credit MINT CLEANING INCORPORATED Cash $ 40 Adjusted Trial Balance Accounts Receivable 11 At December 31 Prepaid Insurance 8 Equipment 84 Accumulated Depreciation (in thousands of dollars) Account Titles Accounts Payable 11 Salaries and Wages Payable 0 Cash 0 Income Tax Payable Common Stock Accounts Receivable 80 Retained Earnings 8 Prepaid Insurance Sales Revenue 84 Equipment Insurance Expense Accumulated Depreciation Salaries and Wages Expense Supplies Expense Income Tax Expense Accounts Payable 0 Totals $183 $ 183 Salaries and Wages Payable Income Tax Payable Other data not yet recorded at December 31: Common Stock Retained Earnings Sales Revenue 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. Supplies Expense Salaries and Wages Expense Depreciation Expense Insurance Expense Income Tax Expense Totals Journal entry worksheet >> $ Debit 40 11 1 84 28 21 6 7 11 $ 209 Credit 6 11 9 11 80 8 84 209