prepare adjusting joirnal enteies at december 31 for the 4 activities. i

Instructions Sentry Transport Inc of Atlanta provides in town parcel delivery services in addition to a full range of passenger services. Sentry engaged in the following activities during the current year a Sentry received 55,000 cash in advance from Rich's Department Store for an estimated 250 deliveries during December 2010 and January and February of 2020 The entire amount was recorded as uneared revenue when received. During December 2018, 110 deliveries were made for Rich's b. Sentry operates several small buses that take commuters from suburban communities to the central downtown area of Atlanta The Commuters purchase, in advance tickets for 50 oneway rides Each 50-ride ticket costs $500. At the time of purchase. Sentry credits the cash received to unearned revenue At year end. Sentry determines that 10.160 one-way rides have been taken c. Sentry operates several buses that provide transportation for the clients of a social service agency in Atlanta Sentry bills the agency carterly at the end of January, April, July, and October for the service performed that quarter. The contract price is $7.500 per quarter Sentry follows the practice of recognizing revenue from this contract in the period in which the service is performed d. On December 23, Delta Airlines chartered a bus to transport its marketing group to a meeting at a resort in southern Georgia, The meeting will be held during the last week in January 2020, and Delta agrees to pay for the entire trip on the day the bus departe At year end none of these arrangements have been recorded by Sentry Chart of Accounts CHART OF ACCOUNTS Sentry Transport Inc. General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 412 Service Revenue 122 Notes Receivable 413 Interest Income 123 Supplies 414 Rent Revenue 124 Prepaid Insurance 125 Prepaid Rent EXPENSES 126 Inventory 511 Cost of Goods Sold 127 Interest Receivable 512 Advertising Expense nnarod. 130 Investment 131 Land 132 Buildings 133 Equipment 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense 521 Wages Expense 531 Interest Expense 134 Furniture 135 Trucks 139 Accumulated Depreciation 532 Depreciation Expense 541 Income Taxes Expense LIABILITIES 211 Accounts Payable 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Utilities Payable Incuran makin Chart of Accounts 210 VITILIGST ay QUIE 216 Insurance Payable 217 Rent Payable 221 Interest Payable 222 Unearned Service Revenue 223 Unearned Rent Revenue 231 Bonds Payable EQUITY 311 Common Stock 321 Retained Earnings 331 Dividends 350 Income Summary