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All requirments needed Comprehensive Problem F:4-1 for Chapters F:1-F:4 Murphy Delivery Service completed the following transactions during December 2004 . Requirements 1. Record each transaction
All requirments needed
Comprehensive Problem F:4-1 for Chapters F:1-F:4 Murphy Delivery Service completed the following transactions during December 2004 . Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31,2024. 4. Prepare a worksheet as of December 31,2024 (optional). 5. 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 hife of five 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 carned during the month, $700. f. Accrued Service Revenue, $450. 6. Prepare an adjusted trial balance as of December 31, 2024. 7. Prepare Murphy Delivery Service'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 Step by Step Solution
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