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
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
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 6E: On September 30, Cody Companys selected account balances are as follows: In general journal form,...
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