51-201 Accounting I Name: EX CR: Chapters 1-4 Spring 2023 Matthews Delivery Service completed the following transactions during December ono. Required: 1. Record each transaction in the journal. Explanations are not required. 2. Post the transactions in the T-accounts using the following chart of accounts. 3. Prepare an unadjusted trial balance as of December 31,2022. 4. Journalize the adjusting entries using the following adjustment data. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $700. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $5,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $200. e. Unearned Revenue earned during the month, $500. f. Accrued Service Revenue, $450. 5. Prepare an adjusted trial balance as of December 31,2022. 6. Prepare Matthews Delivery Service's income statement and statement of owner's equity for the month ended December 31,2013 , 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. 7. Journalize the closing entries and post to the T-accounts. 8. Prepare a post-closing trial balance as of December 31,2022. 51-201 Accounting I Name: EX CR: Chapters 1-4 Spring 2023 Matthews Delivery Service completed the following transactions during December ono. Required: 1. Record each transaction in the journal. Explanations are not required. 2. Post the transactions in the T-accounts using the following chart of accounts. 3. Prepare an unadjusted trial balance as of December 31,2022. 4. Journalize the adjusting entries using the following adjustment data. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $700. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $5,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $200. e. Unearned Revenue earned during the month, $500. f. Accrued Service Revenue, $450. 5. Prepare an adjusted trial balance as of December 31,2022. 6. Prepare Matthews Delivery Service's income statement and statement of owner's equity for the month ended December 31,2013 , 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. 7. Journalize the closing entries and post to the T-accounts. 8. Prepare a post-closing trial balance as of December 31,2022