Background: Murphy Delivery Services began operation on December 1, 2018 and completed the transactions listed below during the first month of operations. Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Under the Reports tab, review the Trial Balance generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journalize each adjusting entry needed. Click Post Transaction once you Transactions: 12/01/2018 Murphy Delivery Service began operations by recelving $13,000 cash and a truck with a fair value of $9,000 from Russ Murphy. The 12/01/2018 Paid $600 cash for a six-month insurance policy. The policy begins December il 12/04/2018 Paid $750 cash for office supplies. 12/12/2018 Performed delivery services for a customer and received $2.200 cash, SAVE WORK RESET RESULTS SUBMIT WORK REPORTS BUSINESS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Debit Credit Closing Entry Accounts Date No transactions in Journal Background: Assignment: Murphy Delivery Services began operation on December 1, 2018 and 1) Using the General Journal tab, click Add Transaction to joumalize completed the transactions listed below during the first month of operations, each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Under the Reports tab, review the Trial Balance generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journalize each adjusting entry needed. Click Post Transaction once you oth the Transactions: 12/15/2018 Completed a large delivery job, billed the customer $3,300, and received a promise to collect this amount within one week. 12/18/2018 Paid employee salary of $800. 12/20/2018 Received $7,000 cash for performing delivery services. 12/22/2018 Collected $2,200 in advance for delivery services to be performed later 12/25/2018 Collected $3,300 cash from customer on account SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS December 1, 2018 - December 31, 2018 REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Accounts Debit Date Cradle Closing Entry No transactions in Journal Background: Murphy Delivery Services began operation on December 1, 2018 and completed the transactions listed below during the first month of operations. Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Triw Balance generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journalize each adjusting entry needed. Click Post Transaction once you Transactions: 12/27/2018 Purchased fuel for the truck, paying $150 on account credit Accounts Payable) 12/28/2018 Performed delivery services on account, $1,400. 12/29/2018 Paid office rent, $1,400, for the month of December 12/30/2018 Paid 5150 on account. 12/31/2018 Cash dividends of $2,500 were paid to stockholders SAVE WORK RESET RESULTS SUBMIT WORK December 1, 2018 - December 31, 2018 BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Accounts Debit Credit Closing Entry Date No transactions in Journal Background: Murphy Delivery Services began operation on December 1, 2018 and completed the transactions listed below during the first month of operations. Assignment: 1) Using the General Journal tab, click Add Transaction to journalize cach transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Trial Balance generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journalize each adjusting entry needed. Click Post Transaction once you Transactions: 12/31/2018 (Adjustment a) Accrued salary expense, $800. 12/31/2018 (Adjustment b) Record Depreciation on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,000 12/31/2018 (Adjustment c) Prepaid Insurance for the month has expired. 12/31/2018 (Adjustment d) Office Supplies on hand, S450. SAVE WORK RESET RESULTS SUBMIT WORK December 1, 2018 - December 31, 2018 > BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Debit CreditClosing Entry Accounts Date No transactions in Journal result of recording these transactions. 4) Using the General Journal tab, click Ado each adjusting entry needed. Click Post Tran Glattbantaban Transactions: 12/31/2018 (Adjustment f) Accrued Service Revenue, $450. 12/31/2018 (Closing Entry 1) Close all revenue account. 12/31/2018 (Closing Entry 2) Close all expense accounts (compound entry). 12/31/2018 (Closing Entry 3) Close the Income Summary account. 12/31/2018 Closing Entry 4) close the Dividends account. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS
