December 1, Henry Walton began an auto repair shop, Walton's Quality Automotive. The following transactions occurred during December: (Click the icon to view the transactions.) The business uses the following accounts: (Click the icon to view the accounts.) Adjustment data: (Click the icon to view the adjustment data.) Read the requirements. Adjusted trial balance in by preparing the income statement. (If a box is not used in the statement, leave the box empty; do not se view the adjusted trial balance you prepared in Requirement 4. Walton's Quality Automotive More info Income Statement Month Ended December 31, 2018 venues: Service Revenue penses: Advertising Expense Depreciation Expense-Equipment Insurance Expense Interest Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense Total Liabilities and Owner's Equity Calculator Ask my instructor 23000 Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Equipment; Accumulated Depreciation-Equipment; Accounts Payable; Utilities Payable; Interest Payable; Unearned Revenue; Notes Payable; Walton, Capital; Walton, Withdrawals; Income Summary; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; Advertising Expense; Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense-Equipment. Cash Office Supplies More info Walton's Quality Automotive Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit 59,420 Accounts Receivable 2,500 1,100 Prepaid Insurance 500 Land 16,000 Equipment 10,800 Accumulated Depreciation-Equipment 180 Accounts Payable | 800 Utilities Payable 210 130 1,270 20,000 Walton, Capital Walton, Withdrawals | 56,000 4,000 a. Office Supplies used during the month, $700. b. Depreciation for the month, $180. c. One month insurance has expired. d. Accrued Interest Expense, $130. Interest Payable Unearned Revenue Notes Payable Print Done Print Done