TIUCUL IUI Jluuclils ACC-112 Plass Project ACC-112 Student Class Project Part 1 1. Dec 02 8 8 9 3 3 Record each of the following transactions in the journal. Explanations are not required Miller Delivery Service Inc began operations by receiving $35.000 cash and a truck with a fair market value of $25,000, Dec. 01, 2019 salvage value of 1,000, and a year Useful life from Robert Miller. The business issued miler 40,000 shares of the S1P common stock in exchange for this contribution Paid $1,000 cash for a four month insurance policy. This policy begins December 1st Pald 5600 cash for office supplies Performed delivery services for a customer and received $2,000 cash. Completed a delivery , bled the customer for $2.500 and received a promise to collect the $2.500 within one week Start writing a Bond contract to raise $100,000 for more trucks and a garage type building to hold them in Purchased 5300 of fuel for the truck on account Received $45.000 cash for performing delivery services Dec. 13 Collected $800 in advance for delivery services to be performed later Dec. 15 Collected $1,500 cash from a customer on account. Dec. 18 Paid employee salary, $2,000. Dec. 21 Issued $100.000,5%, 10 yeur Bonds @ 105. Interest to be paid 30 & Dec 30 each year starting in June of next year Dec. 22 Performed delivery services on account for 5700 Dec. 23 Paid office rent of 1.600 for the month of December Dec. 25 Purchased a lot of land with a For market value of 40,000, and a building with a Far Market value of 120.000 paying to of $150.000 in cash for both Dec. 27 Submitted an order to purchase two more trucks with an estimated purchase price of $35.000 each Des 28 Paid $300 on account Cash dividend of $3,000 was and to stockholders Since there are one stockhold there Declaration Record Date for this transaction Post the transactions in the General Ledger accounts using the ledger and chart of accounts provided Prepare a usted trial balance as of December 31, 2019 Dec. 30 Cash dividend of $3,000 was paid to stockholders. Since there is only one stockholder, there is no Declaration or Rea este for this transaction 2. Pout the transactions in the General Ledger accounts using the ledger and chart of accounts provided. 3. Prepare an unadjusted trial balance as of December 31, 2018. art 2 4. Prepare a worksheet as of December 31, 2019. Journals and Post the posting entries using the following data. Then enter the sing les on the worksheet and com the worksheet for the fiscal year ending Dec. 31 2019 Dec. 31 a Accrued salaries expense is $1,000 Dec. 31 Depreciation for alles is recorded using the modified Half-morth Convention for depreciation Dec. 31 Prepaid ance for the month has expired Dec 31 domice supplies on an equal $100 Dec. 31 . Uneamed Revenue that has been eamed during the month of December qual 700. Dec. 31 Accrued V enue 3650 6. Prepare an adjusted trial balance as of December 31, 2019. 1. Prepare Miller Delivery Service's Income Statement, Statement of Retained Earnings and Classified Balance Sheet for the month ended December 31, 2018 Journal the closing entries and post to the General Ledger accounts Prepare a post closing trial balance as of December 31, 2019. TIUCUL IUI Jluuclils ACC-112 Plass Project ACC-112 Student Class Project Part 1 1. Dec 02 8 8 9 3 3 Record each of the following transactions in the journal. Explanations are not required Miller Delivery Service Inc began operations by receiving $35.000 cash and a truck with a fair market value of $25,000, Dec. 01, 2019 salvage value of 1,000, and a year Useful life from Robert Miller. The business issued miler 40,000 shares of the S1P common stock in exchange for this contribution Paid $1,000 cash for a four month insurance policy. This policy begins December 1st Pald 5600 cash for office supplies Performed delivery services for a customer and received $2,000 cash. Completed a delivery , bled the customer for $2.500 and received a promise to collect the $2.500 within one week Start writing a Bond contract to raise $100,000 for more trucks and a garage type building to hold them in Purchased 5300 of fuel for the truck on account Received $45.000 cash for performing delivery services Dec. 13 Collected $800 in advance for delivery services to be performed later Dec. 15 Collected $1,500 cash from a customer on account. Dec. 18 Paid employee salary, $2,000. Dec. 21 Issued $100.000,5%, 10 yeur Bonds @ 105. Interest to be paid 30 & Dec 30 each year starting in June of next year Dec. 22 Performed delivery services on account for 5700 Dec. 23 Paid office rent of 1.600 for the month of December Dec. 25 Purchased a lot of land with a For market value of 40,000, and a building with a Far Market value of 120.000 paying to of $150.000 in cash for both Dec. 27 Submitted an order to purchase two more trucks with an estimated purchase price of $35.000 each Des 28 Paid $300 on account Cash dividend of $3,000 was and to stockholders Since there are one stockhold there Declaration Record Date for this transaction Post the transactions in the General Ledger accounts using the ledger and chart of accounts provided Prepare a usted trial balance as of December 31, 2019 Dec. 30 Cash dividend of $3,000 was paid to stockholders. Since there is only one stockholder, there is no Declaration or Rea este for this transaction 2. Pout the transactions in the General Ledger accounts using the ledger and chart of accounts provided. 3. Prepare an unadjusted trial balance as of December 31, 2018. art 2 4. Prepare a worksheet as of December 31, 2019. Journals and Post the posting entries using the following data. Then enter the sing les on the worksheet and com the worksheet for the fiscal year ending Dec. 31 2019 Dec. 31 a Accrued salaries expense is $1,000 Dec. 31 Depreciation for alles is recorded using the modified Half-morth Convention for depreciation Dec. 31 Prepaid ance for the month has expired Dec 31 domice supplies on an equal $100 Dec. 31 . Uneamed Revenue that has been eamed during the month of December qual 700. Dec. 31 Accrued V enue 3650 6. Prepare an adjusted trial balance as of December 31, 2019. 1. Prepare Miller Delivery Service's Income Statement, Statement of Retained Earnings and Classified Balance Sheet for the month ended December 31, 2018 Journal the closing entries and post to the General Ledger accounts Prepare a post closing trial balance as of December 31, 2019