Question: Complete the accounting cycle by journaling entries? Comprehensive Problem 1 for Chapters 1-4 lurphy Delivery Service completed the following transactions during December 2018: Murphy Delivery


Complete the accounting cycle by journaling entries?
Comprehensive Problem 1 for Chapters 1-4 lurphy Delivery Service completed the following transactions during December 2018: Murphy Delivery Service began operations by receiving $13 a truck with a fair value of $9,000 from Russ Murphy. The busine Murphy shares of common stock in exchange for this contribution. Dec. 1 ss issued 1 Paid $600 cash for a six-month insurance policy. The policy begins December 4 Paid $750 cash for office supplies Performed delivery services for a customer and received $2,200 cash Completed a large delivery job, billed the customer, $3,300, and received a 12 15 promise to collect the $3,300 within one week. 18 Paid employee salary, $800. 20 Received $7,000 cash for performing delivery services 22 Collected $2,200 in advance for delivery service to be performed later. 25 Collected $3,30D cash from customer on account. 27 Purchased fuel for the truck, paying $150 on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1,400 29 Paid office rent, $1,400, for the month of December. 30 Paid $150 on account. 31 Cash dividends of $2,500 were paid to stockholders. Requirements 1. Record cach transaction in the journal using the following chart of accounts. Explanations are not required. Retained Earnings Dividends Income Summary Service Revenue Salaries Expense Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation-Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Depreciation Expense-Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense 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 (optional). 5. Journalize the adjusting entries using the following adjustment data and also by prepared in Requirement 1. Post adjusting entries to reviewing the journal entries the T-accounts
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