Murphy Delivery Service completed the following transactions during December 2024: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Dec. 1: Murphy Delivery Service began operations by receiving $13,000 cash and a truck with a fair value of $9,000 from Russ Murphy. The business gave Murphy capital in exchange for this contribution. Date Accounts Debit Credit Dec. 1 More Info Dec. 1 Dec. 1 Dec. 4 Dec. 12 Dec. 15 Dec. 18 Dec. 20 Murphy Delivery Service began operations by receiving $13,000 cash and a truck with a fair value of $9,000 from Russ Murphy. The business issued Murphy capital in exchange for this contribution. Paid $600 cash for a six-month insurance policy. The policy begins December 1. Paid $750 cash for office supplies. Performed delivery services for a customer and received $2,200 cash. Completed a large delivery job, billed the customer, $3,300, and received a 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. Collected $3,300 cash from customer on account. 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 Paid $150 on account. Murphy withdrew cash of $2,500. Dec. 22 Dec. 25 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 e Text Pages Calculator Get More Help Print Done