Murphy Delivery Service has completed closing entries and the accounting cycle for 2024. The More info a. Office Supplies on hand, $600 b. Accrued Service Revenivo, $1,800 c. Accrued Salaries Expense, 5500 . d Prepaid Insurance for the month has expired: (On December 1, Murphy paid $600 eash for a sad-month insurance policy. The policy began December 1. On December 31 Murphy recorded $100 as an expense for the expintion of this prepaid insurance for the month of December.) e. Depreciasion was recorded on the truck for the month. (On December 1 , Mepreciaton was receved a truck valued at $9,000 from Russ Murphy On December 31, Murphy recorded $100 as an expense for the morth of Decomber for depreciabion on the truck using the straight-line method, a useful Ife of 5 years, and a salvage value of $3,000.)