Business, 27.06.2020 20:01 cireland

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.) Account TitlesDebit Credit Cash$58 Accounts Receivable 7 Prepaid Insurance 10 Equipment 120 Accumulated Depreciation $0 Accounts Payable 7 Common Stock 116 Retained Earnings 17 Sales Revenue 131 Insurance Expense 0 Salaries and Wages Expense 30 Supplies Expense 46 Totals$271 $271 Other data not yet recorded at December 31: Insurance expired during the year, $9. Depreciation expense for the year, $8. Salaries and wages payable, $11. Income tax expense, $13. Required: Using the adjusted balances, prepare the closing journal entry as of December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.)

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Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of...

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