Trial Balance Adjustments Account Title Debit | Credit (1) 1,250 28,060 1,500 740 900 10,000 (d) (c) (b) Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Acc. Dep.--Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue 0 (a) 1,000 1,300 (e) 1,000 25,000 2,200 19,600 (e) 1,000 (f) 1,250 1,000 (a) 1,000 (b) (c) Salaries Expense Dep. Exp. --Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense 300 1,200 (d) 45,900 45,900 More Info Accrued Salaries Expense, $1,000 6. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $1,000. c. Prepaid Insurance for the month has expired. d. Office supplies on hand, $300. Unearned Revenue earned during the month, $1,000. f. Accrued Service Revenue, $1,250. Print Done Dec. 1 Mass Delivery Service began operations by receiving $15,000 cash and a truck with a fair value of $10,000 from Ripley Mass. The business issued Mass shares of common stock in exchange for this contribution 1 Paid $900 cash for a six-month insurance policy. The policy begins December 1. 4 Paid $740 cash for office supplies. 12 Performed delivery services for a customer and received $1,900 cash. 15 Completed a large delivery job, billed the customer, $3,200, and received a promise to collect the $3,200 within one week. 18 Paid employee salary, $1,000. 20 Received $13,000 cash for performing delivery services. 22 Collected $1,300 in advance for delivery service to be performed later. 25 Collected $3,200 cash from customer on account. 27 Purchased fuel for the truck, paying $300 on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1,500. 29 Paid office rent, $1,200, for the month of December. 30 Paid $300 on account. 31 Cash dividends of $2,200 were paid to stockholders. Print Done