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Micron Delivory Sonvoe comploted the following transactions during Deoember 2024: i. (Click the loon to view the iransactions) Rood the requirements Requirement 1. Rocord esch transaction in the poumal. Explanations are not required. (Recond debib frat, then credits. Excude weglsnadions from joumal entries ) Dec. 1: Micron Delvery Service began operatons by recolvng \$17,000 eash and a truck wth a far vabue of 510,000 tham Richand Mertsh. The buthess issied Micron ahaves of corrmon atock in exchange for this coniribution. Requirements 1. Record each transaction in the joumal 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, $1,000. 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 uspig the following adjustment data and also by reviewing the joumal entries prepared in Requirement 1. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $1,000. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $6,600. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $50. e. Unearned Revenue earned during the month, $1,400. f. Accrued Service Revenue, $850. 6. Prepare an adjusted trial balance as of December 31,2024 . 7. Prepare Micron 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. 8. Journalize the closing entries and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2024. Dec. 1 Micron Delivery Service began operations by receiving $17,000 cash and a truck with a fair value of $18,000 from Richard Micron. The business issued Micron shares of common stock in exchange for this contribution. Dec. 1 Paid $1,680 cash for a twelve-month insurance policy. The policy begins December 1. Dec. 4 Paid $550 cash for office supplies. Dec. 12 Performed delivery services for a customer and received $2,000 cash. Dec. 15 Completed a large delivery job, billed the customer, $2,800, and received a promise to collect the $2,800 within one week. Dec. 18 Paid employee salary, $1,000. Dec. 20 Received $5,000 cash for performing delivery services. Dec. 22 Collected $1,500 in advance for delivery service to be performed later. Dec. 25 Collected $2,800 cash from customer on account. Dec. 27 Purchased fuel for the truck, paying $250 on account. (Credit Accounts Payable) Dec. 28 Performed delivery services on account, $1,000. Dec. 29 Paid office rent, $1,200, for the month of December. Dec. 30 Paid $250 on account. Dec. 31 Cash dividends of $2,800 were paid to stockholders. Micron Delivory Sonvoe comploted the following transactions during Deoember 2024: i. (Click the loon to view the iransactions) Rood the requirements Requirement 1. Rocord esch transaction in the poumal. Explanations are not required. (Recond debib frat, then credits. Excude weglsnadions from joumal entries ) Dec. 1: Micron Delvery Service began operatons by recolvng \$17,000 eash and a truck wth a far vabue of 510,000 tham Richand Mertsh. The buthess issied Micron ahaves of corrmon atock in exchange for this coniribution. Requirements 1. Record each transaction in the joumal 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, $1,000. 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 uspig the following adjustment data and also by reviewing the joumal entries prepared in Requirement 1. Post adjusting entries to the T-accounts. Adjustment data: a. Accrued Salaries Expense, $1,000. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $6,600. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $50. e. Unearned Revenue earned during the month, $1,400. f. Accrued Service Revenue, $850. 6. Prepare an adjusted trial balance as of December 31,2024 . 7. Prepare Micron 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. 8. Journalize the closing entries and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2024. Dec. 1 Micron Delivery Service began operations by receiving $17,000 cash and a truck with a fair value of $18,000 from Richard Micron. The business issued Micron shares of common stock in exchange for this contribution. Dec. 1 Paid $1,680 cash for a twelve-month insurance policy. The policy begins December 1. Dec. 4 Paid $550 cash for office supplies. Dec. 12 Performed delivery services for a customer and received $2,000 cash. Dec. 15 Completed a large delivery job, billed the customer, $2,800, and received a promise to collect the $2,800 within one week. Dec. 18 Paid employee salary, $1,000. Dec. 20 Received $5,000 cash for performing delivery services. Dec. 22 Collected $1,500 in advance for delivery service to be performed later. Dec. 25 Collected $2,800 cash from customer on account. Dec. 27 Purchased fuel for the truck, paying $250 on account. (Credit Accounts Payable) Dec. 28 Performed delivery services on account, $1,000. Dec. 29 Paid office rent, $1,200, for the month of December. Dec. 30 Paid $250 on account. Dec. 31 Cash dividends of $2,800 were paid to stockholders