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

More info On December 1, Ike Waverly began an auto repair shop, Waverly's Quality Auton occurred during December: (Click the icon to view the transactions.) Dec. 1 1 1 Requirement 2. Prepare an unadjusted trial balance. (Exclude any accounts with Waverly's Quality Automotive Unadjusted Trial Balance December 31, 2016 Balance Waverly contributed $52,000 cash to the business in exchange for capital. Purchased $10,800 of equipment paying cash. Paid $3,600 for a twelve-month insurance policy starting on December 1. 9 Paid $17,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $2,000. 19 Borrowed $33,000 from the bank for business use. Waverly signed a note payable to the bank in the name of the business. The note is due in five years. 22 Paid $1,500 for advertising expenses 26 Paid $1,300 on account. 28 The business received a bill for utilities to be paid in January, $210. 31 Revenues earned during the month included $15,500 cash and $3,600 on account. 31 Paid employees' salaries $3,900 and building rent $600. Record as a compound entry. 31 The business received $1,220 for auto screening services to be performed next month. 31 Waverly withdrew cash of $4,000 Account Title Debit Credit Cash Accounts Receivable Office Supplies Prepaid Insurance Accounts Payable Utilities Payable Interest Payable Notes Payable Unearned Revenue Print Done