North Star prepared the following unadjusted trial balance at the end of its second year of...

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North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense otilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: Account Titles a. Rent expired during the year, $1,260. b. Depreciation expense for the year, $1,060. c. Utilities used and unpaid, $9,600. d. Income tax expense. $450. View transaction st Journal entry worksheet < 1 2 Debit $ 12,600 6,600 2,520 21,600 te Enter debts before crets Transaction 25,600 13,100. Required: 2. Prepare the adjusting journal entries required at December 31, (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) General Journal Record the entry for the rent expired during the year, $1,260. 0 0 0 $82,020 Credit Debil $ 1,060 1,060 0 25,400 2,700 51,800 $82,020 Credit North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense otilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: Account Titles a. Rent expired during the year, $1,260. b. Depreciation expense for the year, $1,060. c. Utilities used and unpaid, $9,600. d. Income tax expense. $450. View transaction st Journal entry worksheet < 1 2 Debit $ 12,600 6,600 2,520 21,600 te Enter debts before crets Transaction 25,600 13,100. Required: 2. Prepare the adjusting journal entries required at December 31, (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) General Journal Record the entry for the rent expired during the year, $1,260. 0 0 0 $82,020 Credit Debil $ 1,060 1,060 0 25,400 2,700 51,800 $82,020 Credit

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Beg Bal End Bal End Bal Accumulated Beg Bal Beg Bal End Bal Beg Bal Prepaid rent ... View the full answer