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Required information The following information applies to the questions displayed below North Star prepared the following unadjusted trial balance at the end of its second

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Required information The following information applies to the questions displayed below 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 $12,300 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable 2,460 21,300 $ 1,030 1,030 Common Stock 25,100 2,400 50,900 Retained Earnings Sales Revenue Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Income Tax Expense 25,300 12,800 C C Totals $80,460 $80,460 Un Checl 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. 2. Prepare the adjusting journal entries required at December 31. (If no entry is required for a transaction/event, select "No Je Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 7

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