Comprehensive Problem $1$ for Chapters $1-3$:

Miller Delivery Service completed the following transactions during December $2023$:

Requirements

Requirements $1.$ Record each transaction in the journal using the following chart of accounts. Explanations are not required.

Prepare a work heet as of December $31,2023$

Journalize the adjusting entries using the following adjustment data and also by reviewing the journal

Journalize the adjusting entries using the following adjustment data and als entries prepared in Requirement $1.$ Post adjusting entries to the $T-$accounts.

Adjustment data:

a$.$ Accrued Salaries Expense, $$1,000$

b$.$ Depreciation was recorded on the truck using the straight$-$line method. Assume a useful life of five years and a salvage value of $$5,000.$

c$.$ Prepaid Insurance for the $$5,000.$

d$.$ Office Supplies on hand, $$100.$

f$.$ Accrued Service Revenue, $$650.$

Check adjusted Trial Bal $=$$$2,850$