Comprehensive Problem for Chapters 1-4 Journalizing, Posting, Work Sheet, Adjusting, Closing the Financial Statements Dwyer Delivery Service completed the following transactions during its first of operations, January 2009 a. Dwyer Delivery Service, a proprietorship, began operations by receive from the owner $5,000 cash and a truck valued at $10,000. The bus gave Paul Dwyer, the owner, capital in the business b. Paid $200 cash for supplies. c. Prepaid insurance, 5600. d. Performed delivery services for a customer and received $700 cash e. Complete a large delivery job, billed the customer $2,000, and received a promise to collect the $2,000 within one week. t. Paid employee salary: $800. . Received $900 cash for performing delivery services. h. Collected $500 in advance for delivery service to be performed later . Collected $2,000 cash from a customer on account. Purchased fuel for the truck, paying $100 with a company credit card Credit Accounts Payable. k. Performed delivery services on account, $800. 1. Paid office rent, 5500. This rent is not paid in advance. m.paid $100 on account n. Dwyer withdrew $1,900 for personal use. Requirements 1. Record cach transaction in the journal, using the account sides given belos Key each transaction by its letter Explanations are not required. (pp. 70-76, 131-133, 138-139) 2. Open the following accounts in this sequence: Cash Service Revenge Accounts Receivable Salary Expense Supplies Depreciation Expense Prepaid Insurance Insurance Expense Delivery Truck Fuel Escpense Accumulated Depreciation Rent Expense Accounts Payable Supplies Expense Salary Payable Uneared Service Revenge Paul Dwyes Capital Paul Dwyer, Withdrawals Income Summary The post the transactions that you recorded in requirement 1. (pp. 70-76) 242 Chapter 4 Comprehensive Problem for Chapters 1-4 Journalizing, Posting, Work Sheet, Adjusting, Closing the Financial Statements Dwyer Delivery Service completed the following transactions during its first of operations, January 2009 a. Dwyer Delivery Service, a proprietorship, began operations by receive from the owner $5,000 cash and a truck valued at $10,000. The bus gave Paul Dwyer, the owner, capital in the business b. Paid $200 cash for supplies. c. Prepaid insurance, 5600. d. Performed delivery services for a customer and received $700 cash e. Complete a large delivery job, billed the customer $2,000, and received a promise to collect the $2,000 within one week. t. Paid employee salary: $800. . Received $900 cash for performing delivery services. h. Collected $500 in advance for delivery service to be performed later . Collected $2,000 cash from a customer on account. Purchased fuel for the truck, paying $100 with a company credit card Credit Accounts Payable. k. Performed delivery services on account, $800. 1. Paid office rent, 5500. This rent is not paid in advance. m.paid $100 on account n. Dwyer withdrew $1,900 for personal use. Requirements 1. Record cach transaction in the journal, using the account sides given belos Key each transaction by its letter Explanations are not required. (pp. 70-76, 131-133, 138-139) 2. Open the following accounts in this sequence: Cash Service Revenge Accounts Receivable Salary Expense Supplies Depreciation Expense Prepaid Insurance Insurance Expense Delivery Truck Fuel Escpense Accumulated Depreciation Rent Expense Accounts Payable Supplies Expense Salary Payable Uneared Service Revenge Paul Dwyes Capital Paul Dwyer, Withdrawals Income Summary The post the transactions that you recorded in requirement 1. (pp. 70-76) 242 Chapter 4