On December 1, Gary Walker began an auto repair shop, Walker's Quality Automotive. The following transactionsRequirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.)Walker's Quality AutomotiveUnadjusted Trial BalanceDecember 31, 2024Account TitleDebitBalanceCredit9Depreciation Expense-EquipmentThe business uses the following accounts: On December 1, Gary Walker began an auto repair shop, Walker's Quality Automotive. The following transactionsoccurred during December:i (Click the icon to view the transactions.)More infoDec. 1Dec. 1Dec. 1Dec. 9Dec. 10Dec. 19Dec. 22Dec. 26Dec. 28Dec. 31Dec. 31Dec. 31Dec. 31Walker contributed $58,000 cash to the business in exchange for shares of commonstock.Purchased $15,000 of equipment paying cash.Paid $3,000 for a ten-month insurance policy starting on December 1.Paid $18,000 cash to purchase land to be used in operations.Purchased office supplies on account, $2,300.Borrowed $33,000 from the bank for business use. Walker signed a note payable to thebank in the name of the corporation. The note is due in five years.Paid $2,000 for advertising expenses.Paid $1,100 on account.The business received a bill for utilities to be paid in January, $260.Revenues earned during the month included $18,000 cash and $2,900 on account.Paid employees' salaries $3,700 and building rent $1,600. Record as a compound entry.The business received $1,090 for auto screening services to be performed next month.Paid cash dividends of $6,000 to stockholders.PrintDoneXThe business uses the following accounts:i (Click the icon to view the accounts.)Adjustment data:(Click the icon to view the adjusting data.)Read the requirements.More infoCash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Equipment;Accumulated Depreciation Equipment; Accounts Payable; Utilities Payable;Interest Payable; Unearned Revenue; Notes Payable; Common Stock;Retained Earnings; Dividends; Income Summary; Service Revenue;Salaries Expense; Rent Expense; Utilities Expense; Advertising Expense;Supplies Expense; Insurance Expense; Interest Expense; and DepreciationExpense-Equipment.More infoa. Office Supplies used during the month, $1,400.b. Depreciation for the month, $250.c. One month insurance has expired.d. Accrued Interest Expense, $110.Print- XDone- X

1. Unadjusted Trial Balance: An unadjusted trial balance is a listing of all the business accounts…

Answered: Requirement 2. Prepare an unadjusted…

Business

Accounting

Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.)

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1AP

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Could you please help me with the journal and ledger of these transactions, I want to make sure I am on the right path. Thank you so much!