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Murphy Delivery Service completed the December 2018: cash and Murphy. The business issued Dec 1 Murphy Delivery Seryce began operationaby rereivinghe business isaned Murphy Delivery
Murphy Delivery Service completed the December 2018: cash and Murphy. The business issued Dec 1 Murphy Delivery Seryce began operationaby rereivinghe business isaned Murphy Delivery Service began operations Dec. 1 a truck with a fair value of $9,000 from Russ e for this contribution Murphy capital in exchang th insurance policy. The policy begins December 1 Paid $600 cash for a six-mon 1 4 12 15 $2,200 cash. Performed delivery services for a customer and received Completed a large delivery job, billed the customer, $3,300, and received a Paid $750 cash for office supplies. 18 20 22 promise to collect the $3,300 within one week. Paid employee salary, $800. Received $7,000 cash for performing delivery services. Collected $2.200 in advance for delivery service to be performed later. 25 Collected $3,300 cash from customer on account. 27 Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) Performed delivery services on account, $1,400. Paid office rent, $1,400, for the month of December 28 29 30 31 Paid $150 on account. Murphy withdrew cash of $2,500 Requirements 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 Murphy, Withdrawals Income Summary Service Revenue Salaries Expense Depreciation Expense-Truck Insurance Expense Accumulated Depreciation-Truck Accounts Payable Salaries Payable Unearned Revenue Murphy, Capital Fuel Expense Rent Expense Supplies Expense 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2018. 4. Prepare a worksheet as of December 31, 2018 (optional). 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
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