Save 1 of 1 complete HW Score 0%, 0 of 10 pts Homework: CP #1 Score: 0 of 10 pts Comp4-1 (similar to) Michel Delivery Service completed the fol Click the icon to view the transaction o Requirements More Info Read the revirements Requirement 1. Record each transaction Dec 1: Michel Delivery Service begane Date Aed Det 1. Record each transaction in the jumal using the following chart of cours Explanations are not required. Cash Michel, Withdrawal Accounts Receivable Income Summary oo Boys Service Revenue Prepaid Insurance Swapens Tick Depreciation Expense--Truck Accumulated Depreciation - Truck Accounts Payable Fuel Expense Solar Paytle Urared Revenue Michel Capital 2. Polections in the accounts 1. Prepare and be a December 31, 2018 . Prepare a worth of December 31.2018 & Journaling is in the following and by reviewing the maleries prepared in Roman Polange Adidate & Accrued Expense 1.700 1 Michel Delivery Service began operations by receiving $16.000 cash and a truck with a fair value of 518,000 from Richard Michal The business Michalopital in charge for this contributor 1 Paid $100 cash for a month insurance policy. The policy begins December 4 Puid 5000 cash for office supplies 12 Performed delivery services for a customer and received $2,400 15 Completed a large deliveryje, biled the customer. 53,000, and received a promise to collect the $1,000 within crew 18 Paid employee salary 31,700 20 Received $4.000 cash for performing delivery services 22 Cotected $2.100 in advance for delivery service to be performed 25 Collected $3.000 cash from customer an account 27 Purchased for the truck par 1200 on count ( Ct Accounts Payable 28 Performed delivery services on 1.500 20 ad officer, form of December Pad200 cc 31 Michel werdrowca 53.100 Done Choose from any or any Print Done Check Arew 36 remaining 1 of 1 (0 complete) lar to) i Requirements completed the follo ew the transactions d each transaction in y Service began ope Acc Salanes Payable Rent Expense Unearned Revenue Supplies Expense Mitchel, Capital 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2018, 4. Prepare a worksheet as of December 31, 2018, 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, $1,700. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $9,000. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $50. e. Unearned Revenue earned during the month, $1,300. f. Accrued Service Revenue, $1,350. 6. Prepare an adjusted trial balance as of December 31, 2018 7. Prepare Mitchel Delivery Service's income statement and statement of owner's equity for the month ended December 31, 2018, 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, 2018. st or enter any numbe Print Done Clear All