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Business, 30.09.2019 23:20 dymari10p59xn8

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 depreciation $ 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: rent expired during the year, $1,250. depreciation expense for the year, $1,050. utilities used and unpaid, $9,500. income tax expense, $440. 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.

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