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...


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$55
Accounts Receivable 4
Prepaid Insurance 7
Equipment 114
Accumulated Depreciation $0
Accounts Payable 4
Common Stock 110
Retained Earnings 14
Sales Revenue 122
Insurance Expense 0
Salaries and Wages Expense 27
Supplies Expense 43
Totals$250 $250


Other data not yet recorded at December 31:
Insurance expired during the year, $5.
Depreciation expense for the year, $4.
Salaries and wages payable, $7.
Income tax expense, $9.


How would I create the closing entries for this information



Jun 01, 2022
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