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E4-15 Recording Adjusting Entries and Preparing an Adjusted Trial Balance [LO 4-2, 4-3] The following information applies to the questions displayed below North Star prepared
E4-15 Recording Adjusting Entries and Preparing an Adjusted Trial Balance [LO 4-2, 4-3] The following information applies to the questions displayed below North Star prepared the following unajusted trial balance at the end of its second year of operations ending December 31 Debit $12,200 6,200 2.440 21,200 Credit Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense Utilities Expense Rent Expense $ 1,020 1,020 0 25,000 2,300 50,600 25,200 2,700 Income Tax Expense 0 Totals $79,940 $79.940 Other data not yet recorded at December 31: a. Rent expired during the year, $1,220. b. Depreciation expense for the year, $1,020. c. Utilities owing, $9,200. d. Income tax expense, $410
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