Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mint cleaning inc. prepared the following unadjust

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

70.2K

Verified Solution

Question

Accounting

imageimage

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 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 Debit Credit s 47 98 94 10 19 Totals $212 $212 Other data not yet recorded at December 31: a. Insurance expired during the year, $2 b. Depreciation expense for the year, $1 c. Salaries and wages payable, $4 d. Income tax expense, $6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students