This question has 37 parts.

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, $1,400. b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $4,600. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $300. e. Unearned Revenue earned during the month, $800. f. Accrued Service Revenue, $1,050. 6. Prepare an adjusted trial balance as of December 31, 2024. 7. Prepare Mighty Delivery Service's income statement and statement of I Requirements 7. Prepare Mighty 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. I I More info Dec. 1 Mighty Delivery Service began operations by receiving $24,000 cash and a truck with a fair value of $16,000 from Raleigh Mighty. The business issued Mighty 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 $600 cash for office supplies. Dec. 12 Dec. 15 Performed delivery services for a customer and received $1,700 cash. Completed a large delivery job, billed the customer, $2,900, and received a promise to collect the $2,900 within one week. Paid employee salary, $1,400. Dec. 18 Dec. 20 Received $6,000 cash for performing delivery services. Dec. 22 Collected $2,100 in advance for delivery service to be performed later. Collected $2,900 cash from customer on account. Dec. 25 Dec. 27 Purchased fuel for the truck, paying $250 on account. (Credit Accounts Payable) Dec. 28 Performed delivery services on account, $700. Dec. 29 Paid office rent, $1,800, for the month of December. Dec. 30 Paid $250 on account. Dec. 31 Cash dividends of $2,700 were paid to stockholders