Arab Delivery Service, Inc. completed the following transactions during January, 2019:

1. Shareholders invested in the business $30,000 cash and a delivery truck valued at $36,000 in exchange for common stock.
2. Purchased supplies for $1,500 cash.
3. Paid $2,750 for a one-year insurance policy, effective January1.
4. Performed delivery services for a customer and received $2,000 cash.
5. Completed a large delivery job for a customer on account for $7,500.
6. Paid $5,000 for employee salaries.
7. Performed delivery services for customers and received $55,000 cash.
8. Collected $2,500 in advance for delivery service to be performed later.
9. Collected $3,500 cash from a customer on account.
10. Purchased fuel for the truck, paying $1,800 with a company credit card (Credit accounts payable).
11. Performed delivery services on account, $4,750.
12. Paid office rent $1,200.
13. Paid $1,000 for accounts payable.
14. Paid cash dividends of $9,000.

Requirements:

Record each transaction in the journal. Key each transaction by its letter (Explanations are not required). [3.5 marks]