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

Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.

Account Titles Debit Credit
  Cash $ 52
  Accounts Receivable 14
  Prepaid Insurance 9
  Equipment 108
  Accumulated Depreciation $ 0
  Accounts Payable 14
  Common Stock 104
  Retained Earnings 17
  Sales Revenue 112
  Insurance Expense 0
  Salaries and Wages Expense 24
  Supplies Expense 40
      Totals $ 247 $ 247
Other data not yet recorded at December 31:
a. Insurance expired during the year, $7.
b. Depreciation expense for the year, $6.
c. Wages payable, $9.
d. Income tax expense, $11.
Cash Accounts Receivable
Beg. Bal. Beg. Bal.
End. Bal. End. Bal.
Prepaid Insurance Equipment
Beg. Bal. Beg. Bal.
End. Bal. End. Bal.
Accumulated Depreciation—Equipment Accounts Payable
Beg. Bal. Beg. Bal.
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. Bal. End. Bal.
Sales Revenue Supplies Expense
Beg. Bal. Beg. Bal.
End. Bal. End. Bal.
Salaries and Wages Expense Depreciation Expense
Beg. Bal. Beg. Bal.
End. Bal. End. Bal.
Insurance Expense Income Tax Expense
Beg. Bal. Beg. Bal.
End. Bal. End. Bal.
MINT CLEANING INC.
Adjusted Trial Balance
Account Titles Debit Credit
Totals
  
  

Solutions

Expert Solution

Cash Accounts Receivable
Beg. Bal. $52 Beg. Bal. $14
End. Bal. $52 End. Bal. $14
Prepaid Insurance Equipment
Beg. Bal. 9 a 7 Beg. Bal. 108
End. Bal. 2 End. Bal. $108
Accumulated Depreciation—Equipment Accounts Payable
Beg. Bal. 0 Beg. Bal. 14
b 6
End. Bal. 6 End. Bal. 14
Salaries and Wages Payable Income Tax Payable
Beg. Bal. Beg. Bal.
c 9 d 11
End. Bal. 9 End. Bal. 11
Common Stock Retained Earnings
Beg. Bal. 104 Beg. Bal. 17
End. Bal. 104 End. Bal. 17
Sales Revenue Supplies Expense
Beg. Bal. Beg. Bal. 40
112
End. Bal. 112 End. Bal. 40
Salaries and Wages Expense Depreciation Expense
Beg. Bal. 24 Beg. Bal.
c 9 b 6
End. Bal. 33 End. Bal. 6
Insurance Expense Income Tax Expense
Beg. Bal. Beg. Bal.
a) 7 d 11
End. Bal. 7 End. Bal. 11
MINT CLEANING INC.
Adjusted Trial Balance
Account Titles Debit Credit
a Cash 52
  Accounts Receivable 14
  Prepaid Insurance 2
  Equipment 108
  Accumulated Depreciation 6
  Accounts Payable 14
Salaries & wages payable 9
Income Tax payablle 11
  Common Stock 104
  Retained Earnings 17
  Sales Revenue 112
  Insurance Expense 7
  Salaries and Wages Expense 33
  Supplies Expense 40
Depreciation expenses 6
Income tax expenses 11
Total 273 273

ekkarill92 answered 2 years ago
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