Question

information on second picture and requirements on first

Use Comprehensive Problem 1 For Chapter 1- 4, found on 

PART 1 (5 Points): 

A. Prepare the journal entries for December. 

B. Prepare the unadjusted trial balance. 

PART 2 (8 Points) 

A. Prepare the adjusting entries. 

B. Prepare the adjusted trial balance. 

C. Prepare the Income Statement 

D. Prepare the Retained Earnings Statement.

E. Prepare the Balance Sheet. 

PART 3 (2 Points): 

A. Prepare the closing entries.

B.  Prepare the post-closing trial balance. 

Murphy Delivery Service completed the following transactions during December 2018: 

Dec. 1 Murphy Delivery Service began operations by receiving \(\$ 13,000\) cash and a truck with a fair value of \(\$ 9,000\) from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution.

1 Paid \(\$ 600\) cash for a six-month insurance policy. The policy begins December 1 .

4 Paid \(\$ 750\) cash for office supplies.

12 Performed delivery services for a customer and received \(\$ 2,200\) cash.

15 Completed a large delivery job, billed the customer, \(\$ 3,300\), and received a promise to collect the \(\$ 3,300\) within one week.

18 Paid employee salary, \(\$ 800 .\)

20 Received \(\$ 7,000\) cash for performing delivery services.

22 Collected \(\$ 2,200\) in advance for delivery service to be performed later.

25 Collected \(\$ 3,300\) cash from customer on account.

27 Purchased fuel for the truck, paying \(\$ 150\) on account. (Credit Accounts Payable)

28 Performed delivery services on account, \(\$ 1,400\).

29 Paid office rent, \(\$ 1,400\), for the month of December.

30 Paid \(\$ 150\) on account.

31 Cash dividends of \(\$ 2,500\) were paid to stockholders.

Requirements

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

Answer 1