North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.

Account Titles	Debit				Credit
Cash	$	12,200
Accounts Receivable		6,200
Prepaid Rent		2,440
Equipment		21,200
Accumulated Depreciation					$	1,020
Accounts Payable						1,020
Income Tax Payable						0
Common Stock						25,000
Retained Earnings						2,300
Sales Revenue						50,600
Salaries and Wages Expense		25,200
Utilities Expense		12,700
Rent Expense		0
Depreciation Expense		0
Income Tax Expense		0
Totals	$	79,940			$	79,940

Other data not yet recorded at December 31:

1. Rent expired during the year, $1,220.
2. Depreciation expense for the year, $1,020.
3. Utilities used and unpaid, $9,200.
4. Income tax expense, $410.

3. Summarize the adjusting journal entries in T-accounts. After entering the beginning balances and computing the adjusted ending balances, prepare an adjusted trial balance as of December 31.