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I need help answering question numbers 4-9 on my comprehensive chapter homework, I already have answers for 1-3 which I will also post below. >Comprehensive
I need help answering question numbers 4-9 on my comprehensive chapter homework, I already have answers for 1-3 which I will also post below.
>Comprehensive Problem 1 for Chapters 1-4 Murphy Delivery Service completed the following transactions during December 2018: 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. 1 Paid $600 cash for a six-month insurance policy. The policy begins December 1 4 Paid $750 cash for office supplies. 12 Performed delivery services for a customer and received $2,200 cash 15 Completed a large delivery job, billed the customer, $3,300, and received a 18 20 22 25 27 28 29 30 31 promise to collect the $3,300 within one week. Paid employee salary, $800. Received $7,000 cash for performing delivery services Collected $2,200 in advance for delivery service to be performed later. Collected $3,300 cash from customer on account. Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Performed delivery services on account, $1,400 Paid office rent, $1,400, for the month of December. Paid $150 on account. Cash dividends of $2,500 were paid to stockholders Requirements 1. Record each transaction in the journal using the following chart of accountsStep by Step Solution
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