Question: > Comprehensive Problem 1 for Chapters 1-4 Matthews Delivery Service completed the following transactions during December 2014 Dec. 1 Matthews Delivery Service began operations by
> Comprehensive Problem 1 for Chapters 1-4 Matthews Delivery Service completed the following transactions during December 2014 Dec. 1 Matthews Delivery Service began operations by receiving $6,000 cash and a truck with a fair value of $20,000 from Robert Matthews. The business issued Matthews shares of common stock in exchange for this contribution. Paid $600 cash for a 6-month insurance policy. The policy begins December 1 1 4 Paid $300 cash for office supplies 12 Performed delivery services for a customer and received $800 cash. 15 Completed a large delivery job, billed the customer, $1,500, and received a promise to collect the $1,500 within one week. 18 Paid employee salary,$700 20 Received $12,000 cash for performing delivery services. 22 Collected $600 in advance for delivery service to be performed later 25 Collected $1,500 cash from customer on account. 27 Purchased fuel for the truck, paying $200 with a company credit card (Credit Accounts Payable) 28 Performed delivery services on account, $900. 29 Paid office rent, $600, for the month of December. 30 Paid $200 on account. 31 Cash dividends of $2,100 were paid to stockholders
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