Question: I need help working through some accounting cycle problems. 5. 6. 7. 8. Paragrapn Prepare an adjusted trial balance as of December 31 , 2018.
I need help working through some accounting cycle problems.



5. 6. 7. 8. Paragrapn Prepare an adjusted trial balance as of December 31 , 2018. Prepare Mitton Delivery Service's income statement and statement of owners equty for the month ended December 31 , 2018, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amountthat is, the largest expense first, the smallest expense last. Journalize the closing entries and post to the T-accounts. Prepare a post-closing trial balance as of December 31 , 2018. Accounting Cycle Problem Data Version A Dec. I 1 4 12 IS 18 20 22 Mitton Delivery Service began operations by receiving S21 ,OOO cash and a truck with a fair value of S17,OOO from Richard Mitton. The business issued Milton capital in exchange for this contribution. Paid Sl ,OOO cash for a four-month insurance policy. The policy begins December I. Paid S600 cash for office supplies. Performed delivery services for a customer and received $2,300 cash. Completed a large delivery job, billed the customer, 2,800, and received a promise to collect the S2,800 within one week. Paid employee salary, $900. Received S14,OOO cash for performing delivery services. Collected SI , 100 in advance for delivery service to be performed
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