Seneca Company prepared the following trial balance at the end of its first year of operations…

Seneca Company prepared the following trial balance at the end of its first year of operations ending December 31, 2010. To simplify the case, the amounts given are in thousands of dollars.Other data not yet recorded at December 31, 2010:a. Insurance expired during 2010, $5.b. Depreciation expense for 2010, $7.c. Wages payable, $5.d. Income tax expense, $9.Required:1. Prepare the adjusting entries for 2010.2. Complete the trial balance Adjustments and Adjustedcolumns.
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Seneca Company prepared the following trial balance at the end

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