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	$ 12,100
Accounts Receivable	6,100
Prepaid Rent	2,420
Equipment	21,100
Accumulated Depreciation		$ 1,010
Accounts Payable		1,010
Income Tax Payable		0
Common Stock		24,900
Retained Earnings		2,200
Sales Revenue		50,300
Salaries and Wages Expense	25,100
Utilities Expense	12,600
Rent Expense	0
Depreciation Expense	0
Income Tax Expense	0
Totals	$ 79,420	$ 79,420

Other data not yet recorded at December 31:

1. Rent expired during the year, $1,210.
2. Depreciation expense for the year, $1,010.
3. Utilities used and unpaid, $9,100.
4. Income tax expense, $400.

Required:

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

OPTIONS FOR THE BOX 1:

• At December 31
• For the Year Ended December 31

OPTIONS FOR ACCOUNT TITLES:

• Accounts Payable
• Accounts Receivable
• Accumulated Amortization
• Accumulated Depreciation
• Advertising Expense
• Amortization Expense
• Bad Debt Expense
• Bank Charges Expense
• Buildings
• Cash
• Common Stock
• Copyrights
• Cost of Goods Sold
• Deferred Revenue
• Delivery Expense
• Depreciation Expense
• Dividends
• Dividends Payable
• Donation Revenue
• Equipment
• Franchise Rights
• Goodwill
• Income Tax Expense
• Income Tax Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Legal Expense
• Licensing Rights
• Logo and Trademarks
• Notes Payable (long-term)
• Notes Payable (short-term)
• Notes Receivable (long-term)
• Notes Receivable (short-term)
• Office Expense
• Patents
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Repairs and Maintenance Expense
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Revenue
• Selling, General, and Administrative Expense
• Service Revenue
• Short-term Investments
• Software
• Supplies
• Supplies Expense
• Travel Expense
• Utilities Expense
• Vehicles

T Accounts Adjusted TB Post the beginning balances and adjusting entries to the following T-accounts. Prepaid Rent Rent Expense Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Accumulated Depreciation Credit Depreciation Expense Debit Beginning Balance Debit Beginning Balance Credit Ending Balance Ending Balance Accounts Payable Utilities Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Income Tax Payable Credit Credit Debit Beginning Balance Income Tax Expense Debit Beginning Balance Ending Balance Ending Balance T Accounts Adjusted TB Prepare an adjusted trial balance as of December 31. NORTH STAR Adjusted Trial Balance Account Titles Debit Credit Totals