Milton Delivery Service has completed closing entries and the accounting cycle for 2018. The classified balance sheet on December 31, 2018 follows: (Click the icon to view the December balance sheet.) The business is now ready to record January 2019 transactions. i (Click the icon to view the transactions.) Read the requirements. Requirement 2. Post the transactions in the T-accounts. Don't forget to use the December 31, 2018 ending balances as appropriate. Use the transaction dates as posting references. The December 31, 2018 balances have been entered for you. Use a "Bal." posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal." posting reference and enter a "' on the normal side of the account. Review the journal entries you prepared above. Cash Bal. 34,040 Service Revenue Accounts Payable O Bal. Salaries Payable 1.000 Bal. Jan. 3 Jan. 5 Jan, 12 Jan, 15 Jan, 18 Jan, 20 Jan. 24 Jan, 27 Jan, 28 Jan. 30 Jan. 31 bunts Receivable Salaries Expense Unearned Revenue 700 Bal. 2,850 Office Sunnies Common Stork Nanraristinn FynonceTruck i Reference Milton Delivery Service has completed closing entries and the accounting cycle for 2018. The classified balance sheet on December 31, 2018 follows: (Click the icon to view the December balance sheet.) The busid (Clic Read the Prepaid Insurance Insurance Expense Retained Earnings 10,605 Bal. Bal. 345 Milton Delivery Service Balance Sheet December 31, 2018 Assets $ 34,040 Dividends Fuel Expense 2,850 Truck 15,000 Bal. Bal. Current Assets: Cash Accounts Receivable Office Supplies Prepaid Insurance Total Current Assets Plant Assets Truck 200 345 $ 37,435 Accumulated Depreciation-Truck Income Summary Rent Expense 15,000 (130) 130 Bal. Less: Accumulated DepreciationTruck Total Plant Assets 14,870 $ 52,305 Total Assets Liabilities Supplies Expense Current Liabilities Salarios Payable $ 1,000 700 Uneamed Revenue Total Liabilities 1,700 Milton Delivery Service has completed closing entries and the accounting cycle for 2018. The classified balance sheet on December 31, 2018 follows: (Click the icon to view the December balance sheet.) The business is now ready to record January 2019 transactions (Click the icon to view the transactions.) Read the requirements. Insurance Expense Prepaid Insurance 345 Retained Earnings 10,605 Bal. Bal. Dividends Fuel Expense Truck 15,000 Bal. Income Summary Rent Expense Accumulated Depreciation-Truck 130 Bal Supplies Expense Millon Delivery Service has completed closing entries and the accounting cycle for 2018. The classified balance sheet on December 31, 2018 follows: 5. (Click the icon to view the December balance sheet.) The business is now ready to record January 2019 transactions. (Click the loon to view the transactions.) Read the requirements Common Stock Office Supplies 200 Depreciation Expense-Truck Bal. 40,000 Bal Prepaid Insurance Insurance Expense Retained Earnings 10.605 Bal Bal. 345 Dividends Fuel Expense Truck 15,000 Bal. Bal Income Summary Rent Expense Accumulated Depreciation-Truck 130 Bal Milton Delivery Service has completed closing entries and the accounting cycle for 2018. The classified balance sheet on December 31, 2018 follows: (Click the icon to view the December balance sheet.) The business is now ready to record January 2019 transactions. (Click the icon to view the transactions.) Read the requirements, Prepaid Insurance 345 Retained Earnings 10,60 i More Info Bal. Truck Dividends ol Bal. 15,000 Bal Jan. 3 Collected $700 cash from customer on account. Jan. 5 Purchased office supplies on account, S500. Jan. 12 Performed delivery services for a customer and received $1,000 cash. Paid employee salary including the amount owed on December 31 $3,800. (The total cash paid of $3,800 Includes the amount owed on Jan. 15 December 31.) Jan. 18 Performed delivery services on account, S1,850. Jan. 20 Paid $100 on account. Jan. 24 Purchased fuel for the truck, paying $300 cash. Jan. 27 Completed the remaining work due for Unearned Revenue Jan. 28 Paid office rent, S1,300, for the month of January Jan. 30 Collected $2,200 in advance for delivery service to be performed later Jan. 31 Cash dividends of $4,500 were paid to stockholders. Income Summary Accumulated Depreciation-Truck 130 Bal. Print Done