Homework: Compr... Question 1, Comp4-1 (b... Part 1 of 37 HW Score: 0%, 0 of 100 points O Points: 0 of 100 Save Murphy Delivery Service completed the following transactions during December 2018 (Click the icon to view the transactions.) Read the equiremena Requirement 1. Record each transaction in the joumal Explanations are not required (Recoro dobles de chanced. Exaude explorations from ournal entries) Dec. 1. Murphy Delivery Service began operations by receiving $13,000 cash and a truck with fair value of $9.000 from Run Murphy, The business issued Murphy shares of common stock in exchange for this contribution Date Accounts Debit Credit Dog. 1 Clear All Check Answer Video e Text Pages Get More Help MacBook Pro lege NX Student Home Comprehensive Problem s.sjcny.edu/courses/31937/assignments/294839?module_item_id=847442 10/10, 4PM Molle Dec. 1 Dec. 1 Dec. 4 Dec. 12 Murphy Delivery Service began operations by receiving $13,000 cash and a fuck with a fair value of $9.000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution Paid $600 cash for a six month insurance policy. The policy begin December 1 Paid $750 cash for office supplies Performed delivery services for a customer and received $2 200 cash. Completed a large de very pb, billed the customer, 53,300, and received a promise to collect the $3,300 within one week Dec. 18 Dec. 18 Dec. 20 Dec. 22 Dec. 25 Dec. 27 Paid employee salary, 5800 Received $7,000 cash for performing delivery services Collected $2,200 in advance for delivery Service to be performed later Collected $3,300 cast from customer on account Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Performed delivery services on account, $1,400 Paid officerent. 51 400, for the month of December Paid $150 on account Cash dividends of $2,500 were paid to stockholders Dec. 28 Dec. 29 Dec. 30 Dec. 31 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Retained Earnings Dividends Income Summary Service Revenue Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation ---Truck Accounts Payable Salaries Payable Unearned Revenue Salaries Expense Depreciation Expense Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense Common Stock 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. 8. Journalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $800, b. Depreciation was recorded on the truck using the straight-line method Assume a useful life of 6 years and a salvage value of $3,000. c. Prepaid Insurance for the month has expired d. Office Supplies on hand $450. Unearned Revenue earned during the month $700 f. Accrued Service Revenue, $450 6. Prepare an adjusted trial balance as of December 31, 2018 7. Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended December 31, 2018, and the classified balance 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 8. Journalize the closing entries and post to the T accounts 9. Prepare a post closing trial balance as of December 31, 2018