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, $1,240. b. Depreciation expense for the year, $1,040. c. Utilities used and unpaid, $9,400. d. Income tax expense, $430. Debit $ 12,400 Credit 6,400 2,480 21,400 $ 1,040 1,040 0 25,200 2,500 51,200 25,400 12,900 $ 80,980 $ 80,980 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. T Accounts Adjusted TB Post the beginning balances and adjusting entries to the following T-accounts. Debit Prepaid Rent Credit Debit Beginning Balance 2,480 Beginning Balance 1,240 (a) Ending Balance 1,240 Ending Balance Debit Beginning Balance Ending Balance Accumulated Depreciation Rent Expense Credit Depreciation Expense Credit Debit Credit Beginning Balance Ending Balance 0 Accounts Payable Utilities Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance 0 Income Tax Payable Income Tax Expense Debit Credit Debit Credit Beginning Balance Beginning Balance, Ending Balance 0 Ending Balance 0 T Accounts Adjusted TB Prepare an adjusted trial balance as of December 31. NORTH STAR Adjusted Trial Balance Account Titles Debit Credit Totals $ 0 $ 0