Requirement 2. Post transactions in the account Une se transaction siste u preting returneres. La pouting items to extending twaren of each . For any accounts wens zero balance, select the presting veterince duren te vorme ette Cash Account Payslie Service D Solar Pya San UR Acce CA Check And Date Accounts Debit Credit Dec. 1 Cash 13,000 17.000 Truck 30,000 bferens Dec. 1 450 450 Dec. 4 740 740 Dec. 12 2,500 2,500 Dec. 15 Common Stock Prepaid Insurance Cash Office Supplies Cash Cash Service Revenue Accounts Receivable Service Revenue Salaries Expense Cash Cash Service Revenue Cash neared Revenue 2,700 2,700 Dec. 18 1,800 1,800 Dec, 20 6,000 6,000 Dec. 22 1,600 1 on Dec. 18 Salaries Expense Cash 1,800 1,800 Dec. 20 6,000 6,000 Cash Service Revenue Cash Unearned Revenue Dec. 22 1,600 1,600 Dec. 25 Cash 2,700 2,700 Dec. 27 450 450 Dec. 28 1,600 1,600 Accounts Receivable Fuel Expense Accounts Payable Accounts Receivable Service Revenue Rent Expense Cash Accounts Payable Cash Dividends Dec. 29 2,000 2,000 Dec. 30 450 450 Dec. 31 3,000 Cash 3,000 Dec. 1 Mass Delivery Service began operations by receiving $13,000 cash and a truck with a fair value of $17,000 from Rico Mass. The business issued Mass shares of common stock in exchange for this contribution. Dec. 1 Paid $450 cash for a three-month insurance policy. The policy begins December 1. Dec. 4 Paid $740 cash for office supplies. Dec. 12 Performed delivery services for a customer and received $2,500 cash. Dec. 15 Completed a large delivery job, billed the customer, $2,700, and received a promise to collect the $2,700 within one week. Dec. 18 Paid employee salary, $1,800. Dec. 20 Received $6,000 cash for performing delivery services. Dec. 22 Collected $1,600 in advance for delivery service to be performed later. Dec. 25 Collected $2,700 cash from customer on account. Dec. 27 Purchased fuel for the truck, paying $450 on account. (Credit Accounts Payable) Dec. 28 Performed delivery services on account, $1,600. Dec. 29 Paid office rent, $2,000, for the month of December Dec. 30 Paid $450 on account. Dec. 31 Cash dividends of $3,000 were paid to stockholders. Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Retained Earnings Accounts Receivable Dividends Office Supplies Income Summary Prepaid Insurance Service Revenue Truck Salaries Expense Accumulated Depreciation-Truck Depreciation Expense--Truck Accounts Payable Insurance Expense Salaries Payable Fuel Expense Unearned Revenue Rent Expense Common Stock Supplies Expense 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. $1.800. Requirements Common Stock TEMApenis Supplies Expense 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, $1,800. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $5,600. C. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $150. e. Unearned Revenue earned during the month, $600. f. Accrued Service Revenue, $650. 6. Prepare an adjusted trial balance as of December 31, 2024. 7. Prepare Mass 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 amountthat 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. Print Done