COMPREHENSIVE PROBLEMS > Comprehensive Problem 1 for Chapter -4 Murphy Delivery Service December 2018 completed the following transactions during Murphyar value of s9,000 from Russ Murphy. The business issed Murphy Dec. 1 Murphy Deliver y Service began operations by receiving $13,000 cash and a truck with a fair $9,0 Shares of common stock in exchange for this contribution. 1 Paid $600 cash for a six-month insurance policy. The policy begins December 4 12 15 Paid $750 cash for office supplies Performed delivery services for a customer and received $2,200 cash. Completed a large delivery job, billed the customer, $3,300, and received a promise to collect the $3,300 within one week 18 Paid employee salary, s800 20 Received $7,000 cash for performing delivery services. 22 Collected $2,200 in advance for delivery service to be performed later 25 Collected $3,300 cash from customer on account. 27 Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1,400 29 Paid office rent, $1,400, for the month of December 30 Paid $150 on account. 31 Cash dividends of $2,500 were paid to stockholders Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation-Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Income Summary Service Revenue Salaries Expense Depreciation Expense-Truck nsurance 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. Prepare a worksheet as of December 31, 2018 (optional) 5. Journalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entres