Marshfield Delivery Service began operations by receiving $25,000 cash and a truck with a fair value of $8,000 from Rupert Marshfield. The business issued Marshfield 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 $800 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, 400, and received a promise to collect the $3400 within one week. 18 Paid employee salary, $1.400. 20 Received $14,000 cash for performing delivery services. 22 Collected $900 in advance for delivery service to be performed later. 25 Collected $3.400 cash from customer on account. 27 Purchased fuel for the truck, paying $250 with on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1, 700. 29 Paid office rent, $1, 400, for the month of December. 30 Paid $250. 31 Cash dividends of $3, 200 were paid to stockholders