Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of
ID: 2401802 • Letter: M
Question
Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.
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 $ 247Explanation / Answer
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