Question

Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon to view the transactions.) Read the requirements Unadjusted Trial Balance Debit Credit Account Title a) 1.700 04 < 2.900 M Cash 26,850 Accounts Receivable 1.100 (0.1550 Office Supplies 800 (d) 750 Prepaid Insurance 1,800 (c) HR Truck 16,000 Acc Dep - Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1300(e) 600 Common Stock 35.000 Dividends Service Revenue 17.600 (e) 600 (f) 1.550 Salaries Expense 1.700 Dep. Exp Truck Insurance Expense Fuel Expense 450 Rent Expense Supplies Expense ) 750 53,900 53.900 m Net inrnment inee Choose from any list or enter any number in the input fields and then click Check Answer! 000 @ 12 (b) 2.300 Supplies 20 remaining 20 parts 1 Type here to search e

Answer 1

Worksheet (in S) Account Title Trial Balance Debit Credit Adjustments Debit Credit Adjusted Trial Balance Debit Credit 26,850 2,650 26,850 1,100 800 1,800 16,000 1,550 d 50 750 150 1,650 16,000 b 190 190 Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation-Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue 1,700 1,700 e 600 700 1,300 35,000 35,000 2.900 2,900 17,600 600 1,550 f 19,750 1,700 1,700 b 190 150 Salaries expense Depreciation expense-Truck Insurance expense Fuel expense Rent expense Supplies expenses L 3,400 190 150 450 2,300 750 450 2,300 d 750 Total 53,900 53,900 4,940 4,940 57,340 57,340

Note 1- Computation of Depreciation expense Fair Value of Truck Residual Value Depreciable Value Useful Life (in months) Depreciation for Dec 2018 (11400/60) 16,000 -4,600 11,400 60 190 S 1,800 Note 2- Computation of Insurance expense Prepaid Expense No. of months Insurance expense for Dec 2018 (1800/12) 150