Question: Please answer this question FAST!!! Thank you so much!!! ! Required information E4-15 (Algo) Recording Adjusting Entries and Preparing an Adjusted Trial Balance [LO 4-2,





! Required information E4-15 (Algo) Recording Adjusting Entries and Preparing an Adjusted Trial Balance [LO 4-2, 4-3) 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. Credit Debit $11,200 5,200 2,240 20.200 Account TEET Canh Accounto 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 Expense Totals $ 1,180 1.180 0 24,000 1,300 47,080 24,200 11,700 0 D 0 $ 74,740 $ 74,740 Other data not yet recorded at December 31 a. Rent expired during the year, $1,120 b. Depreciation expense for the year. $1,180. c. Utilities used and unpaid. $8,200. d. Income tax expense, $310. E4-15 (Algo) Part 1 Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction Assets Liabilities Stockholders' Equity B b. c. d View transaction list Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the entry for the income tax payable of $310. Note: Enter debits before credits. Transaction General Journal Debit Credit d View general Journal Clear entry Record entry 5 of 8 Next >
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