just the part 2

DIO ACC112 Class Project for Students Project for Students Part 1 1. Dec. 02 33 9 83 Dec. 13 Record each of the following transactions in the journal. Explanations are not required. Maler Delivery Service Inc began operations by receiving $35,000 cash and a truck with a fair market value of $25,000 Dec 01, 2019 salvage value of 1,000, and a 5 year Useful life from Robert Miller. The business issued miller 40,000 shares of the $1 Par common stock in exchange for this contribution Paid $1,000 cash for a four-month insurance policy. This policy begins December 1st Pald $600 cash for office supplies. Performed delivery services for a customer and received $2,000 cash. Completed a delivery job, billed the customer for $2,500 and received a promise to collect the $2,500 within one week Start writing a Bond contract to raise $100,000 for more trucks and a garage type building to hold them in Purchased $300 of fuel for the truck, on account Received $45,000 cash for performing delivery services Collected $800 in advance for delivery services to be performed later. Collected $1.500 cash from a customer on account. Paid employee salary, $2,000 Dec. 21 Issued $100,000,5%, 10 year Bonds @ 105. Interest to be paid Jun 30 & Dec 30 each year starting in June ofext year. Dec. 22 Performed delivery services on account for $700. Dec. 23 Paid office rent of 1.600 for the month of December Purchased a lot of land with a Fair market value of 40,000, and a building with a Fair Market Value of 120.000 paying a total of $150,000 in cash for both Submitted an order to purchase two more trucks with an estimated purchase price of 535,000 each Dec. 25 Paid $300 on account Dec 30 Cash dividend of $3.000 was paid to stockholders. Since there is only one stockholder, there is no Declaration or Record Date for this transaction, 2. Post the transactions in the General Ledger accounts using the ledger and chart of accounts provided 3. Prepare an unadjusted trial balance as of December 31, 2019 Doc. is Dec. 25 Dec. 27 Part 2 Part 2 Prepare a worksheet as of December 31, 2019, Journalize and Post the adjusting entries using the following data. Then enter the adjusting entries on the worksheet and complete the worksheet for the fiscal year ending Dec. 31 2019. Dec 31 a Accrued salaries expense is $1,000 Dec. 31 . Depreciation for alle s is recorded using the modified Hall-month Convention for depreciation Dec. 31 c. Prepaid Insurance for the month has expired Dec 31 d. Office Supplies on hand equal $100 Dec. 31 e. Uneamed Revenue that has been cared during the month of December equals $700. Dec. 31 L. Accrued service revenue - $650 Prepare an adjusted trial balance as of December 31, 2019. 1. Prepare Miller Delivery Service's Income Statement, Statement of Retained Earnings and Classified Balance Sheet for the month ended December 31, 2019 Journalize the closing entries and post to the General Ledger accounts Prepare a post closing trial balance as of December 31, 2019 DIO ACC112 Class Project for Students Project for Students Part 1 1. Dec. 02 33 9 83 Dec. 13 Record each of the following transactions in the journal. Explanations are not required. Maler Delivery Service Inc began operations by receiving $35,000 cash and a truck with a fair market value of $25,000 Dec 01, 2019 salvage value of 1,000, and a 5 year Useful life from Robert Miller. The business issued miller 40,000 shares of the $1 Par common stock in exchange for this contribution Paid $1,000 cash for a four-month insurance policy. This policy begins December 1st Pald $600 cash for office supplies. Performed delivery services for a customer and received $2,000 cash. Completed a delivery job, billed the customer for $2,500 and received a promise to collect the $2,500 within one week Start writing a Bond contract to raise $100,000 for more trucks and a garage type building to hold them in Purchased $300 of fuel for the truck, on account Received $45,000 cash for performing delivery services Collected $800 in advance for delivery services to be performed later. Collected $1.500 cash from a customer on account. Paid employee salary, $2,000 Dec. 21 Issued $100,000,5%, 10 year Bonds @ 105. Interest to be paid Jun 30 & Dec 30 each year starting in June ofext year. Dec. 22 Performed delivery services on account for $700. Dec. 23 Paid office rent of 1.600 for the month of December Purchased a lot of land with a Fair market value of 40,000, and a building with a Fair Market Value of 120.000 paying a total of $150,000 in cash for both Submitted an order to purchase two more trucks with an estimated purchase price of 535,000 each Dec. 25 Paid $300 on account Dec 30 Cash dividend of $3.000 was paid to stockholders. Since there is only one stockholder, there is no Declaration or Record Date for this transaction, 2. Post the transactions in the General Ledger accounts using the ledger and chart of accounts provided 3. Prepare an unadjusted trial balance as of December 31, 2019 Doc. is Dec. 25 Dec. 27 Part 2 Part 2 Prepare a worksheet as of December 31, 2019, Journalize and Post the adjusting entries using the following data. Then enter the adjusting entries on the worksheet and complete the worksheet for the fiscal year ending Dec. 31 2019. Dec 31 a Accrued salaries expense is $1,000 Dec. 31 . Depreciation for alle s is recorded using the modified Hall-month Convention for depreciation Dec. 31 c. Prepaid Insurance for the month has expired Dec 31 d. Office Supplies on hand equal $100 Dec. 31 e. Uneamed Revenue that has been cared during the month of December equals $700. Dec. 31 L. Accrued service revenue - $650 Prepare an adjusted trial balance as of December 31, 2019. 1. Prepare Miller Delivery Service's Income Statement, Statement of Retained Earnings and Classified Balance Sheet for the month ended December 31, 2019 Journalize the closing entries and post to the General Ledger accounts Prepare a post closing trial balance as of December 31, 2019