PREVIOUS NEXT HW-4 Problem 1 : Comp. Prob. 1 for Ch 1-4 Background: Assignment: Murphy Delivery Services began operation on December 1, 2018 and 1) Using the General Journal tab, click Add Transaction to journalize completed the transactions listed below during the first month of each transaction. Click Post Transaction once you complete the entry operations then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Trial Balance generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journal each adjusting entry needed. Click Post Transaction once you Transactions: 12/01/2018 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 Common Stock in exchange for this contribution 12/01/2018 Pald 5600 cash for a six month insurance policy, The policy begins December 1 12/04/2018 Paid $750 cash for office supplies 12/12/2018 Performed delivery services for customer and received 52,200 cash SAVE WORK RESET RESULTS SUMIT WORK December 1, 2018 - December 31, 2018 > BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Debe CreditClosing Entry Accounts Date No transactions in Journal ADD TRANSACTION Problem 1 : Comp. Prob. 1 for Ch 1-4 Background: Assignment: Murphy Delivery Services began operation on December 1, 2018 and 1) Using the General Journal tab, dick Add Transaction to journal completed the transactions listed below during the first month of operations, each transaction. Click Post Transaction once you complete the entry then repeat the steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Triol Balance generated as a result of recording these transactions, 1) Using the General Journal tab, click Add Transaction to Journal each adjusting entry needed. Click Post Transaction once you Transactions: 12/15/2018 Completed wtore delivery job,billed the customer $3,300, and received a promise to collect the amount within one week 12/18/2018 Paid employee ulary of $800 12/20/2018 Received $7,000 cash for performing delivery services 12/22/2018 Collected $2,200 in advance for delivery services to be performed later SAVE WORK RESET RESIS SUBMIT WORK December 1, 2018 - December 31, 2018 > BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Dato Accounts No transactions in Journal Credit Closing Entry BIS NEXT Problem 1 : Comp. Prob. 1 for Ch 1-4 Background: Assignment: Murphy Delivery Services began operation on December 1, 2018 and 1) Using the General Journal tab, click Add Transaction to journalize completed the transactions listed below during the first month of operations. each transaction. Click Post Transaction once you complete the entry then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Trial Balce generated as a result of recording these transactions 4) Using the General Journal tab, click Add Transaction to journalie each adjusting entry needed. Click Post Transaction once you Transactions: 12/25/2018 Collected $3,300 cash from customer on account. 12/27/2018 Purchased fuel for the truck, paying $150 on account credit Accounts Payable) 12/28/2018 Performed delivery services on account, 51,400 12/29/2018 Pald office rent, $1,400, for the month of December SAVE WORK RESET RESULTS SUBMIT WORK
