Please do not give solution in image format thanku Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operationsending December 31.Account TitlesCashAccounts ReceivablePrepaid InsuranceEquipmentAccumulated DepreciationAccounts PayableCommon StockRetained EarningsSales RevenueInsurance ExpenseSalaries and Wages ExpenseSupplies ExpenseTotalsDebit Credit$ 53155110-02541Other data not yet recorded at December 31:Insurance expired during the year, $3.b. Depreciation expense for the year, $2.Wages payable, $5.d. Income tax expense, $7.$249 $249Required:Using the above adjusted balances, prepare a classified balance sheet for 2015 (Amounts to bededucted should be indicated by a minus sign.)$01510612116Beginning Balance, January 1MINT CLEANING INC.Balance SheetEnding Balance, December 31.$$000Required:Using the above adjusted balances, prepare a statement of retained earnings.MINT CLEANING INC.Statement of Retained Earnings$0

The financial statements are prepared using the adjusted trial balance. The income statement and…

Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. 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 Totals Debit Credit $ 53 15 5 110 0 25 41 $0 15 Other data not yet recorded at December 31: a. Insurance expired during the year, $3. b. Depreciation expense for the year, $2. c. Wages payable, $5. d. Income tax expense, $7. 106 12 116 $249 $249 quired: ing the above adjusted balances, prepare a classified balance sheet for 2015. (Amounts to be ducted should be indicated by a minus sign)

Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. 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 Totals Debit Credit $ 53 15 5 110 0 25 41 $0 15 Other data not yet recorded at December 31: a. Insurance expired during the year, $3. b. Depreciation expense for the year, $2. c. Wages payable, $5. d. Income tax expense, $7. 106 12 116 $249 $249 quired: ing the above adjusted balances, prepare a classified balance sheet for 2015. (Amounts to be ducted should be indicated by a minus sign)

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.1: Uncollectible Accounts Receivable

Problem 1OYO

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