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Green Valley Company prepared the following trial balance at the end of its first year...

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Accounting

Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars.
UNADJUSTED
Account Titles Debit Credit
Cash 20
Accounts receivable 17
Prepaid insurance 12
Machinery 79
Accumulated depreciation
Accounts payable 13
Wages payable
Income taxes payable
Common stock (5,000 shares)5
Additional paid-in capital 59
Retained earnings 11
Revenues (not detailed)89
Expenses (not detailed)27
Totals 166166
Other data not yet recorded at December 31 include
Insurance expired during the current year, $9.
Wages payable, $11.
Depreciation expense for the current year, $13.
Income tax expense, $5.

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