Question

Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record each transaction in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Dec 1: Miller Delivery Service began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from Robert Miller. The business issued Miller shares of common stock in exchange for this contribu Date Accounts Debit Credit x Dec. 1 More Info Dec. 1 Miller Delivery Service began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from Robert Miller. The business issued Miller shares of common stock in exchange for this contribution. 1 Paid $1,000 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 $2,000 cash 15 Completed a large delivery job, billed the customer, $2,500, and received a promise to collect the $2,500 within one week. 18 Paid employee salary, $1,000 20 Received $15,000 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, $1,600, for the month of December. 30 Paid $300 on account. 31 Cash dividends of $3,000 were paid to stockholders. Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

	Date	Accounts	Debit $	Credit $
	Dec.1	Cash	10,000
		Truck	20,000
		Common Stock		30,000
	Dec.1	Prepaid Insurance	1,000
		Cash		1,000
	Dec.4	Office Supplies	500
		cash		500
	Dec.12	Cash	2,000
		Service revenue		2,000
	Dec.15	Accounts Receivable	2,500
		Service revenue		2,500
	Dec.18	Salaries Expense	1,000
		Cash		1,000
	Dec.20	Cash	15,000
		Service revenue		15,000
	Dec.22	Cash	800
		Unearned Service Revenue		800
	Dec.25	Cash	2,500
		Accounts Receivable		2,500
	Dec.27	Fuel Expenses	300
		Accounts Payable		300
	Dec.28	Accounts Receivable	700
		Service revenue		700
	Dec.29	Rent Expense	1,600
		Cash		1,600
	Dec.30	Accounts Payable	300
		Cash		300
	Dec.31	Cash Dividend / retained earnings	3,000
		Cash		3,000