Comprehensive Problem 1 for Chapters 1-4:

Miller Delivery Service completed the following transactions during December 2016:

Dec. 1 12 15 18 20 22 25 27 28 29 30 31 Miller Delivery Service began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from Robert Miller. The business issued Miller shares of common stock in exchange for this contribution. Paid $1 ,000 cash for a fourmonth insurance policy. The policy begins December 1 . Paid $500 cash for office supplies. Performed delivery services for a customer and received $2,000 cash. Completed a large delivery job, billed the customer, $2,500, and received a promise to collect the $2,500 within one week. Paid employee salary, $1,000. Received $15,000 cash for performing delivery services. Collected $800 in advance for delivery service to be performed later. Collected $2,500 cash from customer on account. Purchased fuel for the truck, paying $300 on account. (Credit Accounts Payable) Performed delivery services on account, $700. Paid office rent, $1 ,600, for the month of December. Paid $300 on account. Cash dividends of 53,000 were paid to stockholders