Jan. 3 Collected $200 cash from customer on account. 5 Purchased office supplies on account, $1,000. 12
Question:
Jan. 3 Collected $200 cash from customer on account.
5 Purchased office supplies on account, $1,000.
12 Performed delivery services for a customer and received $3,000 cash.
15 Paid employee salary, including the amount owed on December 31, $4,100.
18 Performed delivery services on account, $1,350.
20 Paid $300 on account.
24 Purchased fuel for the truck, paying $200 cash.
27 Completed the remaining work due for Unearned Revenue.
28 Paid office rent, $2,200, for the month of January.
30 Collected $3,000 in advance for delivery service to be performed later.
31 Cash dividends of $1,500 were paid to stockholders.
a. Office Supplies on hand, $600.
b. Accrued Service Revenue, $1,800.
c. Accrued Salaries Expense, $500.
d. Prepaid Insurance for the month has expired.
e. Depreciation was recorded on the truck for the month.
7.Prepare Murphy Delivery Service's income statement and statement of retained earnings for the month ended January 31, 2019, 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.
Business Communication In Person, In Print, Online
ISBN: 978-1111533168
8th edition
Authors: Amy Newman, Scot Ober