More info Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2024. 4. Prepare a worksheet as of December 31,2024. 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, $800. b. Depreciation was recorded on the truck using the straight-line method. Requirements 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31,2024. 4. Prepare a worksheet as of December 31,2024. 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, $800. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. e. Unearned Revenue earned during the month, $700. f. Accrued Service Revenue, $450. 6. Prepare an adjusted trial balance as of December 31, 2024. 7. Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended December 31,2024 , 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. Murphy Delivery Sevice completed the following transactions during December 2024: (i) (Cick the icon lo view the transactions.) Read the Requirement 1. Record each trantaction in the joumat. Explanations are not required. (Fecord dobits first, then credits. Exclude explanations from joumal entries) Dec. 1: Murphy Delivery Service began cperations by recoiving $13,000 cash and a truck with a fair value of $9,000 from Russ Muphy. The business iasued Murphy ahares of common siock in exchange for this contribution. Dec. 1: Paid $500 cash for a sak-month insurance policy. The policy begin December 1 . Dec 4: Paid $760 cash for ofice supplies Murphy Delivery Service completed the following transactions during December 2024 : (Click the icon to view the transactions.) Read the Dec. 12: Performed delivery services for a customer and receivod $2,200 cash. Dec. 15: Completed a large delivery job, billed the customer, $3,300, and received a promis Dec. 18: Paid employee salary, $800. Murphy Delivery Service completed the following transactions during December 2024: (1) (Click the icon to view the transactions.) Read the Dec. 18: Paid employee salary, $800 Dec. 20: Received $7,000 cash for performing delivery services. Dec. 22: Collected $2,200 in advance for delivery service to be performed later. Murphy Delivery Service completed the following transactions during Docember 2024: (i) (Click the icon to view the transactions.) Read the Dec. 27: Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Dec. 28: Performed delivery services on account, $1,400. Dec. 29: Paid office rent, $1,400, for the month of December. Murphy Delivery Service completed the following transactions during December 2024 (i. (Click the icon to view the transactions.) Revd the Dec. 29: Paid otfice rent, $1,400, for the month of December. Dec. 30: Paid $150 on account. Dec. 31: Cash dividends of $2,500 were paid to stockholders. Requirement 2. Post the transactions in the T-accounts. Use the transaction dates as posting references. Use a "Bal." posting reference to show the ending balance of each account. For any accounts with a zero balance, select and enter a 0 on the normal side of the account. Review the joumal entries you prepared abeve. Requirement 4, Prepare a worksheet as of December 31, 2024. The Unadjusted Trial Balance columns have been completed for you using the unadjusted trial balance you prepared in Requirement 3. Complete the worksheot one section at a timn he Adjustments section. Enter the adjustments along with the adjustment letter referencos-(a), (b). (c), etc--into the columns as appropriate. In the following step, complete the A Balance section of the worksheot. For this section, and for the Income Statement and Balance Sheet sections, enter a "0" on the normal side of the account for any accounts with a 2 . balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. For the Income Statement and Balance Sheet sections, only enter the "0" balance if the account is typically included in that section of the worksheet. (Abbreviations used: Acc. = Accumulated, Deg. = Depreciation, Exp. = Expense.) 1. (Cick the icon to view the adjustment information.) Murphy Delivery Service completed the following transactions during December 2024: (i) (Click the icon to view the transactions.) Read the Net income or 1055 More info Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2024. 4. Prepare a worksheet as of December 31,2024. 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, $800. b. Depreciation was recorded on the truck using the straight-line method. Requirements 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31,2024. 4. Prepare a worksheet as of December 31,2024. 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, $800. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. e. Unearned Revenue earned during the month, $700. f. Accrued Service Revenue, $450. 6. Prepare an adjusted trial balance as of December 31, 2024. 7. Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended December 31,2024 , 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. Murphy Delivery Sevice completed the following transactions during December 2024: (i) (Cick the icon lo view the transactions.) Read the Requirement 1. Record each trantaction in the joumat. Explanations are not required. (Fecord dobits first, then credits. Exclude explanations from joumal entries) Dec. 1: Murphy Delivery Service began cperations by recoiving $13,000 cash and a truck with a fair value of $9,000 from Russ Muphy. The business iasued Murphy ahares of common siock in exchange for this contribution. Dec. 1: Paid $500 cash for a sak-month insurance policy. The policy begin December 1 . Dec 4: Paid $760 cash for ofice supplies Murphy Delivery Service completed the following transactions during December 2024 : (Click the icon to view the transactions.) Read the Dec. 12: Performed delivery services for a customer and receivod $2,200 cash. Dec. 15: Completed a large delivery job, billed the customer, $3,300, and received a promis Dec. 18: Paid employee salary, $800. Murphy Delivery Service completed the following transactions during December 2024: (1) (Click the icon to view the transactions.) Read the Dec. 18: Paid employee salary, $800 Dec. 20: Received $7,000 cash for performing delivery services. Dec. 22: Collected $2,200 in advance for delivery service to be performed later. Murphy Delivery Service completed the following transactions during Docember 2024: (i) (Click the icon to view the transactions.) Read the Dec. 27: Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Dec. 28: Performed delivery services on account, $1,400. Dec. 29: Paid office rent, $1,400, for the month of December. Murphy Delivery Service completed the following transactions during December 2024 (i. (Click the icon to view the transactions.) Revd the Dec. 29: Paid otfice rent, $1,400, for the month of December. Dec. 30: Paid $150 on account. Dec. 31: Cash dividends of $2,500 were paid to stockholders. Requirement 2. Post the transactions in the T-accounts. Use the transaction dates as posting references. Use a "Bal." posting reference to show the ending balance of each account. For any accounts with a zero balance, select and enter a 0 on the normal side of the account. Review the joumal entries you prepared abeve. Requirement 4, Prepare a worksheet as of December 31, 2024. The Unadjusted Trial Balance columns have been completed for you using the unadjusted trial balance you prepared in Requirement 3. Complete the worksheot one section at a timn he Adjustments section. Enter the adjustments along with the adjustment letter referencos-(a), (b). (c), etc--into the columns as appropriate. In the following step, complete the A Balance section of the worksheot. For this section, and for the Income Statement and Balance Sheet sections, enter a "0" on the normal side of the account for any accounts with a 2 . balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. For the Income Statement and Balance Sheet sections, only enter the "0" balance if the account is typically included in that section of the worksheet. (Abbreviations used: Acc. = Accumulated, Deg. = Depreciation, Exp. = Expense.) 1. (Cick the icon to view the adjustment information.) Murphy Delivery Service completed the following transactions during December 2024: (i) (Click the icon to view the transactions.) Read the Net income or 1055