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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 Debit $11,8ee Credit Account Titles Cash 5,8ee 2,360 20,800 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 Exse $ 1,120 1,12e 24,600 1,900 49,120 24,8ee 12,300 e $77,860 $77,860 Totals Other data not yet recorded at December 31 a. Rent expired during the year, $1,180 b. Depreciation expense for the year, $1,120 c. Utilities used and unpaid, $8,800 d. Income tax expense, $370. Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Stockholders' Equity Liabilities Assets Transcation a bu d

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