Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.) Walker's Quality Automotive Unadjusted Trial Balance December 31, 2024 Account Title Cash Common Stock Equipment Prepaid Insurance Land Office Supplies Accounts Payable Notes Payable Advertising Expense Utilities Expense Utilities Payable Service Revenue Accounts Receivable Salaries Expense Rent Expense Unearned Revenue Dividends Total Debit Balance 59690 15000 3000 18000 2300 2000 260 2900 3700 1600 6000 114450 Credit 58000 1200 33000 260 20900 1090 114450
Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.) Walker's Quality Automotive Unadjusted Trial Balance December 31, 2024 Account Title Cash Common Stock Equipment Prepaid Insurance Land Office Supplies Accounts Payable Notes Payable Advertising Expense Utilities Expense Utilities Payable Service Revenue Accounts Receivable Salaries Expense Rent Expense Unearned Revenue Dividends Total Debit Balance 59690 15000 3000 18000 2300 2000 260 2900 3700 1600 6000 114450 Credit 58000 1200 33000 260 20900 1090 114450
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.)
Walker's Quality Automotive
Unadjusted Trial Balance
December 31, 2024
Account Title
Cash
Common Stock
Equipment
Prepaid Insurance
Land
Office Supplies
Accounts Payable
Notes Payable
Advertising Expense
Utilities Expense
Utilities Payable
Service Revenue
Accounts Receivable
Salaries Expense
Rent Expense
Unearned Revenue
Dividends
Total
Debit
Balance
59690
15000
3000
18000
2300
2000
260
2900
3700
1600
6000
114450
Credit
58000
1200
33000
260
20900
1090
114450](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3b3cab0b-1b9d-46af-aea0-f4a60a0a3a8d%2Fc773d053-9e0b-4227-82e7-aec5a02c1cd2%2Fw1ypzy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial balance.)
Walker's Quality Automotive
Unadjusted Trial Balance
December 31, 2024
Account Title
Cash
Common Stock
Equipment
Prepaid Insurance
Land
Office Supplies
Accounts Payable
Notes Payable
Advertising Expense
Utilities Expense
Utilities Payable
Service Revenue
Accounts Receivable
Salaries Expense
Rent Expense
Unearned Revenue
Dividends
Total
Debit
Balance
59690
15000
3000
18000
2300
2000
260
2900
3700
1600
6000
114450
Credit
58000
1200
33000
260
20900
1090
114450
![On December 1, Gary Walker began an auto repair shop, Walker's Quality Automotive. The following transactions
Post the adjusting entries to the T-accounts. First, enter the unadjusted balances of the accounts ("Bal.") from requirement 2. For accounts with a zero unadjusted balance, do not make an unadjusted balance entry. Then use the adjustment
and corresponding letters as posting references-"Adj. (a)", "Adj. (b)", etc. Use a "Bal." posting reference on the last line of each T-account to show the adjusted balance of each account.
Cash
Accounts Payable
Service Revenue
Accounts Receivable
Office Supplies
Utilities Payable
Interest Payable
Unearned Revenue
Salaries Expense
Rent Expense
The business uses the following accounts:
Utilities Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3b3cab0b-1b9d-46af-aea0-f4a60a0a3a8d%2Fc773d053-9e0b-4227-82e7-aec5a02c1cd2%2Foesa1a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On December 1, Gary Walker began an auto repair shop, Walker's Quality Automotive. The following transactions
Post the adjusting entries to the T-accounts. First, enter the unadjusted balances of the accounts ("Bal.") from requirement 2. For accounts with a zero unadjusted balance, do not make an unadjusted balance entry. Then use the adjustment
and corresponding letters as posting references-"Adj. (a)", "Adj. (b)", etc. Use a "Bal." posting reference on the last line of each T-account to show the adjusted balance of each account.
Cash
Accounts Payable
Service Revenue
Accounts Receivable
Office Supplies
Utilities Payable
Interest Payable
Unearned Revenue
Salaries Expense
Rent Expense
The business uses the following accounts:
Utilities Expense
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