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On December 1, Ed Waverly began an auto repair shop. The business uses the following accounts: Waverly's Quality Automotive. The following transactions (Click the icon

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On December 1, Ed Waverly began an auto repair shop. The business uses the following accounts: Waverly's Quality Automotive. The following transactions (Click the icon to view the accounts.) occurred during December (1) (Click the icon to view the transactions.) Adjustment data (Click the icon to view the adjusting data.) Read the requirements Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with a zero balance from the trial Post the adjusting entries to the T-accounts. First, enter the unadjusted balances of the accounts ("Bal 7) from requirement 2. For accounts with a zoro unadjusled balance, do not make an unadjusted balance entry Then use, the adjustment and corresponding letters as posting references-"Ad. (a).". Adi (b)". etc. Use a "Bal," posting reference on the last line of each T-account to show the adjusted balance of each account. Service Revenue Salaries Expense Rent Expense Utilities Expense Accumulated Depr-Equipment Interest Expense More info More info Cash; Accounts Recelvable; Office Supplies; Prepaid Insurance; Land, Equipment, Accumulated Depreciation-Equipment, Accounts Payable; Unities Payable: Interest Payable; Unearned Revenue: Notes Payable, Wavetly, Capital. Waverly, Withdrawals; Income Summary, Service Revenue; Salaries Expense, Rent Expense, Utilities Expense, Advertising Expense, Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense-Equipment. More info a. Office Supplies used during the month, $1,600 b. Depreciation for the month, $150. c. One month insurance has expired. d. Accrued Interest Expense, $60

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