Credit Debit $ 11,388 5,380 2,260 20, 380 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals $ 1,170 1,170 8 24,100 1,400 47,420 24,380 11,800 $ 75,260 $ 75,260 Other data not yet recorded at December 31: a. Rent expired during the year. $1,130. b. Depreciation expense for the year, S1,170. c Utilities used and unpald, $8,300. d. Income tax expense, $320. Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Llabilitles, or Stockholders' Equity with a minus slgn.) Transaction Assets Liabilities Stockholders' Equity a. b. 11 III ++++ + + + + O d