Hi,

I need help with problem # 2 , 7 and 8

Taylors Delivery Service had the following transactions during December 2015 Dec 1 Taylors Delivery Service began operations by receiving $8,000 cash and a truck with a fair value of$20,000 from the owner, Katelynn Taylor. The business gave Taylors capital in exchange for this contribution. Dec 1 Paid $600 cash for a 6-month insurance policy. The policy will begin on December 1 Dec 4 Paid $400 cash for office supplies. Dec 10 Performed delivery services for acustomer and received$800 cash. Dec 12 Completed a large delivery job, billed the customer S1.200, and received a promise to collect the $1,200 within one week. Dec 13 Paid employee salary, $750. Dec 20 Received $12,000 cash for performing delivery services. Dec 22 Collected S600 in advance for delivery service to be performed later. Dec 24 Collected $1,200 cash from customer on account. Dec 27 Purchased fuel for the truck, paying $200 with a company credit card. (Credit Accounts Payable) Dec 28 Performed delivery services on account $800 Dec 28 Paid office rent $400 for the month ofDecember Dec 30 Paid $200 on account Dec 31 Owner withdrew cash of $2,400. The requirements for this problem: 1. Record each transaction as a journal entry. 2. Post the transactions to T-accounts using the following chart of accounts. Accounts Payable Cash Salaries Expense Accounts Receivable Salaries Payable Rent Expense Office Supplies Unearned Revenue Deprec. Expense Prepaid Insurance Taylor, Capital Truck Truck Taylor, Withdrawals Insurance Expense Accumulated Deprec Income Summary Truck Service Revenue Fuel Expense Supplies Expense 3. Prepare an unadjusted trial balance as of December 31,2015 4. Make adjusting journal entries using the following information. Post adjusting entries to the T-accounts a. Accrued Salaries Expense of $625. b. Recorded depreciation on the truck of $250. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand totaled $130 e. Unearned Revenue earned during the month was$400. Accrued service revenue of $300. 5. Prepare an adjusted trial balance as of December 31,2015 6. Prepare Taylors Delivery Service's income statement and statement of owner's equity for the month ended December 31,2015, and classified balance sheet on that date. 7. Prepare the closing journal entries and post to T-accounts. 8. Prepare a post-closing trial balance as of December 31, 2015