1. Record each transaction in the journal. Explanations are not required. Refer to the t accounts for account names. The transactions are on the 'Data' tab and the template is below. 2. Post the transactions in the T-accounts below. Prepare an unadjusted trial balance (below) as of December 31, 2024. 3. (DR=CR) 4. Journalize the adjusting entries using the adjustment data on the data tab. Post adjusting entries to the T-accounts. 5. Prepare an adjusted trial balance (below) as of December 31, 2024. (DR=CR) 6. Prepare Murphy's income statement and statement of retained earnings for the month ended December 31, 2024, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest expense last. Templates are below. 7. Journalize the closing entries and post to the T-accounts. 8. Prepare a post- closing trial balance (below) as of December 31, 2024. (DR=CR) \begin{tabular}{cl} \hline Dec. 1 & MurphyDeliveryServicebeganoperationsbyreceiving$13,000cashandatruckwithafairvalueof$9,000fromRussMurphy.ThebusinessissuedMurphysharesofcommonstockinexchangeforthiscontribution. \\ 1 & Paid $600 cash for a six-month insurance policy. The policy begins December 1. \\ 4 & Paid $750 cash for office supplies. \\ 12 & Performed delivery services for a customer and received $2,200 cash. \\ 15 & Completedalargedeliveryjob,billedthecustomer,$3,300,andreceivedapromisetocollectthe$3,300withinoneweek. \\ 18 & Paid employee salary, $800. \\ 20 & Received $7,000 cash for performing delivery services. \\ 22 & Collected $2,200 in advance for delivery service to be performed later. \\ 25 & Collected $3,300 cash from customer on account. \\ 27 & Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) \\ 28 & Performed delivery services on account, $1,400. \\ 29 & Paid office rent, $1,400, for the month of December. \\ 30 & Paid $150 on account. \\ 31 & Cash dividends of $2,500 were paid to stockholders. \\ \hline \end{tabular}