Record each transaction in the journal using the following chart of accounts. Explanations are not required.

3.

Prepare an unadjusted trial balance as of

December

31

2016

4.

Journalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entries to the T-accounts.

Adjustment data:

a.	Accrued Salaries Expense, $ 1000
b.	Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 55 years and a salvage value of $ 5000
c.	Prepaid Insurance for the month has expired.
d.	Office Supplies on hand, $ 100
e.	Unearned Revenue earned during the month, $ 300
f.	Accrued Service Revenue, $ 650

5.

Prepare an adjusted trial balance as of

December

31

2016

6.

Prepare

Miller

Delivery Service's income statement and statement of retained earnings for the month ended

December

31

2016

and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by

amountlong dashthat

is, the largest expense first, the smallest expense last.

7.

Journalize the closing entries and post to the T-accounts.

8.

Prepare a post-closing trial balance as of

December

31

2016

Dec.Dec.	1		Miller Delivery Service began operations by receiving $ 10 comma 000$10,000 cash and a truck with a fair value of $ 20 comma 000$20,000 from Robert Miller The business issued Miller shares of common stock in exchange for this contribution.
	1		Paid $ 1000 cash for a four-month insurance policy. The policy begins December 1.
	4		Paid $ 500 cash for office supplies.
	12		Performed delivery services for a customer and received $ 2000 cash.
	15		Completed a large delivery job, billed the customer, $ 2500 and received a promise to collect the $ 2500 within one week.
	18		Paid employee salary, $ 1000.
	20		Received $ 15000 cash for performing delivery services.
	22		Collected $ 800 in advance for delivery service to be performed later.
	25		Collected $2,500 cash from customer on account.
	27		Purchased fuel for the truck, paying $ 300 with on account. (Credit Accounts Payable)
	28		Performed delivery services on account, $ 700
	29		Paid office rent, $ 1600, for the month of December
	30		Paid $ 300 on account.
	31		Cash dividends of $3,000 were paid to stockholders.