north star prepared the following unadjusted trial balance at the end of its second 452258
Aug 29, 2021 | Uncategorized
| Account Titles |
Debit |
Credit |
| Cash |
$ |
11,200 |
|
|
|
|
| Accounts Receivable |
|
5,200 |
|
|
|
|
| Prepaid Rent |
|
2,240 |
|
|
|
|
| Equipment |
|
20,200 |
|
|
|
|
| Accumulated Depreciation |
|
|
|
$ |
1,180 |
|
| Accounts Payable |
|
|
|
|
1,180 |
|
| Utilities Payable |
|
|
|
|
0 |
|
| Income Tax Payable |
|
|
|
|
0 |
|
| Contributed Capital |
|
|
|
|
24,000 |
|
| Retained Earnings |
|
|
|
|
1,300 |
|
| Sales Revenue |
|
|
|
|
47,080 |
|
| Wages Expense |
|
24,200 |
|
|
|
|
| Utilities Expense |
|
11,700 |
|
|
|
|
| Rent Expense |
|
0 |
|
|
|
|
| Depreciation Expense |
|
0 |
|
|
|
|
| Income Tax Expense |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
| Totals |
$ |
74,740 |
|
$ |
74,740 |
|
|
|
|
|
|
|
|
|
| Other data not yet recorded at December 31, 2012: |
| a. |
Rent expired during 2012, $1,120. |
| b. |
Depreciation expense for 2012, $1,180. |
| c. |
Utilities payable, $8,200. |
| d. |
Income tax expense, $310. |
