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 Debit $ 11,100 Credit 5,100 2,228 20,100 $1,198 1,198 Retained Earnings Sales Revenue Salaries and Wages Expense 0 Utilities Expense 24.100 11,600 B Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: a. Rent expired during the year, $1,110. b. Depreciation expense for the year, $1,190. c. Utilities used, unrecorded, and unpaid $8,100. d. Income tax expense, $300. 1,280 46,740 $ 74,228 $ 74,220

College Accounting (Book Only): A Career Approach
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Chapter8: Employer Taxes, Payments, And Reports
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Problem 6E: On September 30, Cody Companys selected account balances are as follows: In general journal form,...
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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
Debit
$ 11,100
Credit
5,100
2,228
20,100
$1,198
1,198
Retained Earnings
Sales Revenue
Salaries and Wages Expense
0
Utilities Expense
24.100
11,600
B
Rent Expense
Depreciation Expense
Income Tax Expense
Totals
Other data not yet recorded at December 31:
a. Rent expired during the year, $1,110.
b. Depreciation expense for the year, $1,190.
c. Utilities used, unrecorded, and unpaid $8,100.
d. Income tax expense, $300.
1,280
46,740
$ 74,228
$ 74,220
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 Debit $ 11,100 Credit 5,100 2,228 20,100 $1,198 1,198 Retained Earnings Sales Revenue Salaries and Wages Expense 0 Utilities Expense 24.100 11,600 B Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: a. Rent expired during the year, $1,110. b. Depreciation expense for the year, $1,190. c. Utilities used, unrecorded, and unpaid $8,100. d. Income tax expense, $300. 1,280 46,740 $ 74,228 $ 74,220
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