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Green Valley Company prepared the following trial balance at the end of its first year...

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Accounting

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Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31 . To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December 31 include a. Insurance expired during the current year, $4. b. Wages payable, $6 c. Depreciation expense for the current year, $8. d. Income tax expense, $9. Required: 1. Prepare the adjusting entries for the current year. 2. Complete the trial balance Adjustments and Adjusted columns. The "Reference" column is for the reference letter of the Complete this question by entering your answers in the tabs below. Prepare the adjusting entries for the current year: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter your answers in thousands

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