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	$	12,500
Accounts Receivable		6,500
Prepaid Rent		2,500
Equipment		21,500
Accumulated DepreciationEquipment				$	1,050
Accounts Payable					1,050
Income Tax Payable					0
Common Stock					25,300
Retained Earnings					2,600
Sales Revenue					51,500
Salaries and Wages Expense		25,500
Utilities Expense		13,000
Rent Expense		0
Depreciation Expense		0
Income Tax Expense		0
Totals	$	81,500		$	81,500

Other data not yet recorded at December 31:

a.	Rent expired during the year, $1,250.
b.	Depreciation expense for the year, $1,050.
c.	Utilities owing, $9,500.
d.	d. Income tax expense, $440.

Required 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transcation a. Ip. C. d. Assets Liabilities Stockholders' Equity Cash 12,500Accumulated Depreciation- Equipment 6,500 Accounts Payable 2,500 Income Tax Payable 21,500 Sales Revenue 1,050 Common Stock 25,300 050 Retained Earnings ccounts Receivable Prepaid Rent Equipment 2,600 51,500