Required information E4-16 through E4-18 Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial...
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Required information E4-16 through E4-18 Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, and Balance Sheet and Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4 and LO 4-5) [The following information applies to the questions displayed below.] Mint Cleaning Inc. 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.) Credit Debit $ 45 16 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Totals Other data not yet recorded at December 31: 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. Chp. 4 Homework Problems (REQUIRED) A Saved Required information Using T-accounts, determine the adjusted balances in each account. (Enter your answers in thousands of dollars.) Part 2 of 7 Cash Accounts Receivable Beg. Bal. Beg. Bal. points End. Bal. End. Bal. Prepaid Insurance Equipment eBook Beg. Bal. Beg. Bal. Hint End. Bal. End. Bal. Print Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal. References End. Bal. End. Bal. Salaries and Wages Payable Income Tax Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal. Beg. Bal. End Ral 1 0 End Ral
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