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CAN SOMEONE PLEASE HELP ME WITH THIS This comprehensive problem is a continuation of Comprehensive Problem 1. Murphy Delivery Service has completed closing entries and
CAN SOMEONE PLEASE HELP ME WITH THIS
This comprehensive problem is a continuation of Comprehensive Problem 1. Murphy Delivery Service has completed closing entries and the accounting cycle for 2018. The business is now ready to record January 2019 transactions. "an. 3 collected $200 aash from ason Purchaod officesupplies on account$1,000. Pe formed de iveryservices for acustomer andreceived $3,000 cash. Pademployee saary, including theamount owed on Decenter 31, $4,100. Performed dd iv ry services on amut. $1,350 Pad $300 onaccoum Purchxod fud for thetruk, paying $200 ah. Completed theremaning work due for Uneerned Revenue Padoffie rent, $m, for themorth of lrury on acount. 12 15 18 20 24 27 3 Collected s3,000 in advance for delivry service to be performed later. 31 Cashdividencs of $1,500 were pald to stockholders. Requirements 1. Record each January transaction in the journal. Explanations are not required. 2. Post the transactions in the T-accounts. Don' forget to use the December 31, 2018, ending balarces as appropriate. 3 Prepare an unadjusted trial balance as of January 31, 2019. 4. Journalize the adjusting entries using the following adj ustment data and also by reviewing the journal entries preparedin Requirement 1. Post adjusting entries to the T-accounts. Adjustment data a. ffice Supplies on hand, $600. b. Accrued Service Revenue, $1,800. c. Accrued Salaries Expense, $500. d. PrepaidInsurance for the month has expired. e. Depreciation was recorded on the truck for the month. 5. Prepare an adjusted trial balance as of January 31, 2019. 6. Prepare Murphy Delivery Service'sincome statement and statement of retained eamings for the month ended January 31, 2019, and the classified bal ance 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. This comprehensive problem is a continuation of Comprehensive Problem 1. Murphy Delivery Service has completed closing entries and the accounting cycle for 2018. The business is now ready to record January 2019 transactions. "an. 3 collected $200 aash from ason Purchaod officesupplies on account$1,000. Pe formed de iveryservices for acustomer andreceived $3,000 cash. Pademployee saary, including theamount owed on Decenter 31, $4,100. Performed dd iv ry services on amut. $1,350 Pad $300 onaccoum Purchxod fud for thetruk, paying $200 ah. Completed theremaning work due for Uneerned Revenue Padoffie rent, $m, for themorth of lrury on acount. 12 15 18 20 24 27 3 Collected s3,000 in advance for delivry service to be performed later. 31 Cashdividencs of $1,500 were pald to stockholders. Requirements 1. Record each January transaction in the journal. Explanations are not required. 2. Post the transactions in the T-accounts. Don' forget to use the December 31, 2018, ending balarces as appropriate. 3 Prepare an unadjusted trial balance as of January 31, 2019. 4. Journalize the adjusting entries using the following adj ustment data and also by reviewing the journal entries preparedin Requirement 1. Post adjusting entries to the T-accounts. Adjustment data a. ffice Supplies on hand, $600. b. Accrued Service Revenue, $1,800. c. Accrued Salaries Expense, $500. d. PrepaidInsurance for the month has expired. e. Depreciation was recorded on the truck for the month. 5. Prepare an adjusted trial balance as of January 31, 2019. 6. Prepare Murphy Delivery Service'sincome statement and statement of retained eamings for the month ended January 31, 2019, and the classified bal ance sheet on that date. On the income statement, list expenses in decreasing order by amount that is, the largest expense first, the smallest expense lastStep by Step Solution
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