i Requirements 1 More Info 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Dec. Cash Marshfield, Withdrawals Accounts Receivable Income Summary Office Supplies Service Revenue Prepaid Insurance Salaries Expense Truck Depreciation Expense-Truck Accumulated Depreciation-Truck Insurance Expense Accounts Payable Fuel Expense Salaries Payable Rent Expense Unearned Revenue Supplies Expense Marshfield, Capital 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. 5. 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, $900. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $4,000. C. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $150. e. Unearned Revenue earned during the month, $500. f. Accrued Service Revenue, $950. 6. Prepare an adjusted trial balance as of December 31, 2018 7. Prepare Marshfield Delivery Service's income statement and statement of owner's equity 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. 1 Marshfield Delivery Service began operations by receiving $20,000 cash and a truck with a fair value of $13,000 from Rico Marshfield. The business issued Marshfield capital in exchange for this contribution. Paid $1,350 cash for a nine-month insurance policy. The policy begins December 1. 4 Paid $450 cash for office supplies. 12 Performed delivery services for a customer and received $2,300 cash. Completed a large delivery job, billed the customer, $3,000, and received a promise to collect the $3,000 within one week. 18 Paid employee salary, S900. Received $12,000 cash for performing delivery services. 22 Collected $2,100 in advance for delivery service to be performed later. 25 Collected $3,000 cash from customer on account. 27 Purchased fuel for the truck, paying $200 on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1,300. 29 Paid office rent, $1,600, for the month of December. 30 Paid $200 on account. 31 Marshfield withdrew cash of $3,000. Print Done