Hi please help me verify that the work I've completed thus far is complete and correct and for requirement 3 please help me understand how exactly to fill out the unadjusted trial balance. Please describe step by step how you go about doing it. I do not just desire answers, I want to know the step-by-step process and reasoning for it. Thank you in advance! My main focus is requirement 3 but if you feel so inclined and would also like to help me with requirement 4-a and 4-b I would really appreciate it.

Spicewood Stables, Incorporated, was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $210,000 of common stock on April 1. b. Acquired a barn for $140,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. c. Provided $24,500 in animal care services for customers on April 3, all on credit. d. Rented stables to customers who cared for their own animals; received cash of $22,500 on April 4 for rent earned this month. e. On April 5, received $3,950 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). f. Purchased and received hay and feed supplies on account on April 6 for $3,100. g. Paid $3,500 on accounts payable on April 7 for previous purchases. h. Received $1,060 from customers on April 8 on accounts receivable. i. On April 9, prepaid a two-year insurance policy for $3,700 for coverage starting in May. j. On April 28, paid $1,490 in cash for water and utilities used this month. k. Paid $14,600 in wages on April 29 for work done this month. 1. Received an electric utility bill on April 30 for $1,360 for usage in April; the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below. Req 4A Reg 1 Req 2 Req3 Req 45 Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No General Journal Debit Credit Transaction (a) 1 Cash 210,000 Common Stock 210,000 2 (b) 140,000 Buildings Cash Notes Payable (long-term) 70,000 70,000 3 (c) 24,500 Accounts Receivable Service Revenue 24,500 4 (d) Cash 22,500 Rent Revenue 22,500 5 Cash 3,950 Deferred Revenue 3,950 6 (t) 3,100 Supplies Accounts Payable 3,100 7 (9) 3,500 Accounts Payable Cash 3,500 8 (h) Cash 1,060 Accounts Receivable 1,060 9 (1) 3,700 Prepaid Insurance Cash 3,700 10 Utilities Expense 1,490 Cash 1,490 11 14,600 Salaries and Wages Expense Cash 14,600 12 (1) 1,360 Utilities Expense Accounts Payable 1,360 Req1 Req2 Reg 1 Reg 2 Req3 Req 4A Req 4B Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. Cash Accounts Receivable Credit Credit Debit Beginning Balance C) 0 24,500 1,060 h) Debit Beginning Balance (a) (d) le) th) 0 210,000 22,500 3,950 1,060 70,000 b) 3,500 (9) 3,700 (0) 1.490) 14,600 k) Ending Balance 23,440 Ending Balance 144,220 Supplies Prepaid Insurance Credit Credit Debit Beginning Balance 10 0 Debit Beginning Balance cu) 0 3,100 3,700 Ending Balance 3.100 Ending Balance 3,700 Buildings Accounts Payable Credit Credit Debit Beginning Balance (b) 0 Debit Beginning Balance (9) 0 3,500 140,000 3,100 Ending Balance 140,000 Ending Balance 400 Deferred Revenue Notes Payable (long-term) Credit Credit Debit Beginning Balance Debit Beginning Balance 0 0 3,950 70,000 b) Ending Balance 3,950 Ending Balance 70,000 Common Stock Service Revenue Credit Credit Debit Beginning Balance Debit Beginning Balance 0 210,000 24,500 Ending Balance 210,000 Ending Balance 24,500 Rent Revenue Utilities Expense Debit Credit Credit Beginning Balance Debit Beginning Balance (0) 22,500 id) 1,490 Ending Balance 22,500 Ending Balance 1,490 Salaries and Wages Expense Credit Debit Beginning Balance ik) 14,600 Ending Balance 14,600 Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4A Reg 4 Prepare an unadjusted trial balance as of April 30. SPICEWOOD STABLES, INCORPORATED Unadjusted Trial Balance Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accounts Payable Deferred Revenue Notes Payable long-term) Common Stock Service Revenue Rent Revenue Utilities Expense Salaries and Wages Expense Total S 0 $ 0 Complete this question by entering your answers in the tabs below. Req1 Reg 2 Req3 Req 4A Req 4B Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. (Round your Net Profit Margin answer to 1 decimal place.) Preliminary Net Income Net Profit Margin Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4A Reg 4 Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Better Worse