Dec. 1 Murphy Delivery Service began operations by receiving $13,000 cash and a truck with a fair value of $9,000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution. Dec. 1 Paid $600 cash for a six-month insurance policy. The policy begins December 1. Dec. 4 Paid $750 cash for office supplies. Dec. 12 Performed delivery services for a customer and received $2,200 cash. Dec. 15 Completed a large delivery job, billed the customer, $3,300, and received a promise to collect the $3,300 within one week. Dec. 18 Paid employee salary, $800. Dec. 20 Received $7,000 cash for performing delivery services. Dec. 22 Collected $2,200 in advance for delivery service to be performed later. Dec. 25 Collected $3,300 cash from customer on account. Dec. 27 Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Dec. 28 Performed delivery services on account, $1,400. Dec. 29 Paid office rent, $1,400, for the month of December. Dec. 30 Paid $150 on account Dec. 31 Cash dividends of $2,500 were paid to stockholders.