Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries. Preparing an Adjusted Trial...
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Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries. Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [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.) Other data not yet recorded at December 31 . a. Insurance expired during the year, \$4. b. Depreciation expense for the year, \$3. c. Salaries and wages payable. $6 d. Income tax expense, $8. lequired: Using the adjusted balances, prepare the closing journal entry for the year ended December 31 . (If no entry is required for o ransoction/event, select "No Journol Entry Required" in the first occount field. Enter your answers in thousands, not in dollors i.e., 10,000 should be entered os 10).) Journal entry worksheet Record the closing entry for the year ended Decomber 31. Netr: teiter debits before onedes
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