[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	$	12,900
Accounts Receivable		6,900
Prepaid Rent		2,580
Equipment		21,900
Accumulated DepreciationEquipment				$	1,090
Accounts Payable					1,090
Income Tax Payable					0
Common Stock					25,700
Retained Earnings					3,000
Sales Revenue					52,700
Salaries and Wages Expense		25,900
Utilities Expense		13,400
Rent Expense		0
Depreciation Expense		0
Income Tax Expense		0
Totals	$	83,580		$	83,580

Other data not yet recorded at December 31:

a.	Rent expired during the year, $1,290.
b.	Depreciation expense for the year, $1,090.
c.	Utilities owing, $9,900.
d.	Income tax expense, $480.

Required information

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.