Saved Check my work mode : This shows what is correct or incorrect fo ! 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 Decembe 31. Credit Debit $12,000 6,000 2,400 21,000 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenge Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals $ 1,000 1,000 0 24.800 2,100 50,000 25,000 12,500 0 0 0 $78,900 $78,900 Other data not yet recorded at December 31: a. Rent expired during the year, $1.200. b. Depreciation expense for the year, $1,000 c. Utilities used and unpaid, $9,000. d. Income tax expense, $390. 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 Answer is not complete. Complete this question by entering your answers in the tabs below. T Accounts Adjusted TB Summarize the adjusting journal entries in accounts. After entering the beginning balances and computing the adjusted ending balances X Answer is not complete. Complete this question by entering your answers in the tabs below. T Accounts Adjusted TB Prepare an adjusted trial balance as of December 31. Credit NORTH STAR Adjusted Trial Balance As of December 31 Account Titles Debit Cash 12,000 Accounts Receivable 6,000 Prepaid Rent 1,200 Equipment 21,000 Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense 25.000 Utilities Expense 21,500 Rent Expense 1,200 Depreciation Expense 1,000 Income Tax Expense 390 2,000 10,000 390 24,800 2,100 50,000 OOOOO 8 Total $ 89,290 $ 89,290