Accumulated Depreciation Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Depreciation Expense-Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2018. 4. Journalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $800. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. e. Unearned Revenue earned during the month, $700. f. Accrued Service Revenue, $450. 5. Prepare an adjusted trial balance as of December 31, 2018. 6. Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended December 31, 2018, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amountthat 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, 2018. Date Accounts Debit Credit Dec. 1 13,000 9,000 22,000 Dec. 1 600 600 Dec. 4 750 750 Dec. 12 2,200 Cash Truck Common Stock Prepaid Insurance Cash Office Supplies Cash Cash Service Revenue Accounts Receivable Service Revenue Salaries Expense Cash Cash Service Revenue Cash 2,200 Dec. 15 3,300 3,300 Dec. 18 800 800 Dec. 20 7,000 7,000 Dec. 22 2,200 Unearned Revenue 2,200 Dec. 25 Cash 3.300 3,300 Dec. 18 800 800 Dec. 20 7,000 7,000 Dec. 22 2,200 2,200 Dec. 25 3,300 3,300 Service Revenue Salaries Expense Cash Cash Service Revenue Cash Unearned Revenue Cash Accounts Receivable Fuel Expense Accounts Payable Accounts Receivable Service Revenue Rent Expense Cash Accounts Payable Cash Dividends Dec. 27 150 150 Dec. 28 1,400 1,400 Dec. 29 1,400 1,400 Dec. 30 150 150 Dec. 31 2,500 Cash 2,500 Requirement 2. Post the transactions in the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above. Cash Accounts Payable 150 150 Dec. 27 Service Revenue 2300||Dec. 12 Dec. 1 13000 600||Dec. 1 Dec. 30 Dec. 12 2300 750||Dec. 4 3300| Dec. 15 Dec. 20 7000 800||Dec. 18 7000| Dec. 20 Dec. 22 2200 1400||Dec. 29 1400||Dec. 28 Dec. 25 3300 150| Dec. 30 Salaries Payable 2500 Dec. 31 Bal 27800 800|Bal. Accounts Receivable Dec. 15 3300 3300|Dec. 25 Dec. 28 14001 Unearned Revenue 2200 Dec. 22 Salaries Expense 800 Dec. 18 Bal. 1850 1500|Bal. 1600||Bal. Depreciation Expense-Truck Office Supplies 750 Common Stock 22000||Dec. 1 Dec. 4 Bal 450 22000| Bal. Bal. Retained Earnings Insurance Expense Prepaid Insurance 600 Dec. 1 Bal. 500 Truck Dividends Fuel Expense Accumulated Depreciation-Truck Income Summary Rent Expense
