North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Cash Account Titles 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 Other data not yet recorded at December 31: a. Rent expired during the year, $1,230. b. Depreciation expense for the year, $1,030. c. Utilities used and unpaid, $9,300. d. Income tax expense. $420. Debit $ 12,300 Credit 6,300 2,460 21,300 $ 1,030 1,030 0 25,300 12,800 25,100 2,400 50,900 $ 80,460 $ 80,460 Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction " b C d Assets Liabilities Stockholders' Equity Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction b C d Accounts Payable Assets Accounts Receivable Accumulated Amortization Accumulated Depreciation Liabilities Stockholders' Equity Journal entry worksheet 1 2 3 4 Record the entry for the rent expired during the year, $1,230. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the entry for the depreciation expense for the year, $1,030. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the entry for the utilities payable of $9,300. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the entry for the income tax payable of $420. Note: Enter debits before credits. Transaction d General Journal Debit Credit Record entry Clear entry View general journal