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Debit eginning Balance Ending Balance Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Fe Debit Beginning Balance Accumulated Depreciation Debit Batanon Accounts Payable Accounts Payable Credit Credit Credit Credit Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Depreciation Expense Utilities Expense Ending Balance Debit 0 Beginning Balance Credit Credit Credit Utilities Expense Credit

Debit eginning Balance Ending Balance Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Fe Debit Beginning Balance Accumulated Depreciation Debit Batanon Accounts Payable Accounts Payable Credit Credit Credit Credit Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Depreciation Expense Utilities Expense Ending Balance Debit 0 Beginning Balance Credit Credit Credit Utilities Expense Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Debit eginning Balance Ending Balance Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Debit Debit Beginning Balance Ending Balance Accumulated Depreciation Debit Beginning Balance Ending Balance Accounts Payable Account Titles Totals Accounts Payable Credit Income Tax Payable Credit 0 Credit 0 Credit Credit 0 Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance NORTH STAR Adjusted Trial Balance Ending Balance Depreciation Expense Debit Beginning Balance Ending Balance Ending Balance Debit Utilities Expense Debit Beginning Balance 0 0 Utilities Expense 0 0 $ 0 Income Tax Expense Credit Credit Credit Credit 0 Credit Credit
Transcribed Image Text:Debit eginning Balance Ending Balance Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Debit Debit Beginning Balance Ending Balance Accumulated Depreciation Debit Beginning Balance Ending Balance Accounts Payable Account Titles Totals Accounts Payable Credit Income Tax Payable Credit 0 Credit 0 Credit Credit 0 Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance NORTH STAR Adjusted Trial Balance Ending Balance Depreciation Expense Debit Beginning Balance Ending Balance Ending Balance Debit Utilities Expense Debit Beginning Balance 0 0 Utilities Expense 0 0 $ 0 Income Tax Expense Credit Credit Credit Credit 0 Credit Credit
North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Cash Accounts 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 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 used and unpaid, $9,900. d. Income tax expense. $480. Debit $ 12,900 6,900 2,580 21,900 25,900 13,400 0 0 0 $ 83,580 Credit $ 1,090 1,090 0 25,700 3,000 52,700 $ 83,580
Transcribed Image Text:North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Cash Accounts 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 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 used and unpaid, $9,900. d. Income tax expense. $480. Debit $ 12,900 6,900 2,580 21,900 25,900 13,400 0 0 0 $ 83,580 Credit $ 1,090 1,090 0 25,700 3,000 52,700 $ 83,580
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