Morning Delivery Service completed the following transactions during December 2024 (Click the icon to view the transactions.) Read the requirements. Requirements - X pre info Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first, then credits. Exclud Dec. 1: Morning Delivery Service began operations by receiving $18,000 cash and a truck with a fair value of $14,000 from Rad Credit Date Dec. 1 Accounts 13 Debit 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation-Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock 2. Post the transactions in the T-accounts. Retained Earnings Dividends Income Summary Service Revenue Salaries Expense Depreciation Expense-Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense 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, $1,600. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,800. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $200. e. Unearned Revenue earned during the month, $1,200. f. Accrued Service Revenue, $1,150. 6. Prepare an adjusted trial balance as of December 31, 2024. 1 1 Morning Delivery Service began operations by receiving $18,000 cash and a truck with a fair value of $14,000 from Radley Morning. The business issued Morning shares of common stock in exchange for this contribution Paid $900 cash for a six-month insurance policy. The policy begins December 1. 4 Paid $450 cash for office supplies. 12 Performed delivery services for a customer and received $2,500 cash. 15 Completed a large delivery job, billed the customer, $2,600, and received a promise to collect the $2,600 within one week. 18 Paid employee salary, $1,600. 20 Received $10,000 cash for performing delivery services. 22 Collected $1,900 in advance for delivery service to be performed later 25 Collected $2,600 cash from customer on account. 27 Purchased fuel for the truck, paying $200 on account. (Credit Accounts Payable) 28 Performed delivery services on account, $700. 29 Paid office rent, $2,200, for the month of December. 30 Paid $200 on account. 31 Cash dividends of $2,700 were paid to stockholders. Print Done