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:

1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

OPTIONS FOR ASSESTS, LIABILITIES, AND STOCKHOLDERS EQUITY:

• 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

Transaction Assets Liabilities + Stockholders' Equity a. + b. = + C + d. +