Required Information [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. Cash Accounts Receivable Prepaid Rent Account Titles 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 ot December 31: a. Rent expired during the year, $1,200. b. Depreciation expense for the year, $1,000. c. Utilities used, unrecorded, and unpaid $9,000. d. Income tax expense, $390. T Accounts Adjusted TB Prepare an adjusted trial balance as of December 31. Account Titles Totale NORTH STAR Adjusted Trial Balance Debit $12,000 6,000 2,400 21,000 Debit 25,000 12,500 3. Post the beginning balances and adjusting entries to the following T-accounts. After entering the beginning balances and compu the adjusted ending balances, prepare an adjusted trial balance as of December 31 Credit 0 0 e Complete this question by entering your answers in the tabs below. $78,900 Credit $1,000 1,000 0 24,800 2,100 50,000 $78,900 W Show less A
Required Information [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. Cash Accounts Receivable Prepaid Rent Account Titles 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 ot December 31: a. Rent expired during the year, $1,200. b. Depreciation expense for the year, $1,000. c. Utilities used, unrecorded, and unpaid $9,000. d. Income tax expense, $390. T Accounts Adjusted TB Prepare an adjusted trial balance as of December 31. Account Titles Totale NORTH STAR Adjusted Trial Balance Debit $12,000 6,000 2,400 21,000 Debit 25,000 12,500 3. Post the beginning balances and adjusting entries to the following T-accounts. After entering the beginning balances and compu the adjusted ending balances, prepare an adjusted trial balance as of December 31 Credit 0 0 e Complete this question by entering your answers in the tabs below. $78,900 Credit $1,000 1,000 0 24,800 2,100 50,000 $78,900 W Show less A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required Information
[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.
Cash
Accounts Receivable
Prepaid Rent
Account Titles
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 ot December 31:
a. Rent expired during the year, $1,200.
b. Depreciation expense for the year, $1,000.
c. Utilities used, unrecorded, and unpaid $9,000.
d. Income tax expense, $390.
T Accounts Adjusted TB
Prepare an adjusted trial balance as of December 31.
Account Titles
Totale
NORTH STAR
Adjusted Trial Balance
Debit
$12,000
6,000
2,400
21,000
Debit
25,000
12,500
3. Post the beginning balances and adjusting entries to the following T-accounts. After entering the beginning balances and compu
the adjusted ending balances, prepare an adjusted trial balance as of December 31
Credit
0
0
e
Complete this question by entering your answers in the tabs below.
$78,900
Credit
$1,000
1,000
0
24,800
2,100
50,000
$78,900
W
Show less A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d1ddf1a-6a8c-424b-ad1d-14716b3c971e%2F7ec6a9c2-cfae-4391-96e4-63dba91105d8%2Fhx8nk8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
[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.
Cash
Accounts Receivable
Prepaid Rent
Account Titles
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 ot December 31:
a. Rent expired during the year, $1,200.
b. Depreciation expense for the year, $1,000.
c. Utilities used, unrecorded, and unpaid $9,000.
d. Income tax expense, $390.
T Accounts Adjusted TB
Prepare an adjusted trial balance as of December 31.
Account Titles
Totale
NORTH STAR
Adjusted Trial Balance
Debit
$12,000
6,000
2,400
21,000
Debit
25,000
12,500
3. Post the beginning balances and adjusting entries to the following T-accounts. After entering the beginning balances and compu
the adjusted ending balances, prepare an adjusted trial balance as of December 31
Credit
0
0
e
Complete this question by entering your answers in the tabs below.
$78,900
Credit
$1,000
1,000
0
24,800
2,100
50,000
$78,900
W
Show less A
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