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	$	11,300
Accounts Receivable		5,300
Prepaid Rent		2,260
Equipment		20,300
Accumulated DepreciationEquipment				$	1,170
Accounts Payable					1,170
Income Tax Payable					0
Common Stock					24,100
Retained Earnings					1,400
Sales Revenue					47,420
Salaries and Wages Expense		24,300
Utilities Expense		11,800
Rent Expense		0
Depreciation Expense		0
Income Tax Expense		0
Totals	$	75,260		$	75,260

Other data not yet recorded at December 31:

a.	Rent expired during the year, $1,130.
b.	Depreciation expense for the year, $1,170.
c.	Utilities owing, $8,300.
d.	Income tax expense, $320.

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.