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Dec $5$ Murphy Delivery Service completed the following transactions during December $2024$:

Adjustment data $12/31/2024$:

a$.$ Accrued Salaries Expense, $$800.$

b$.$ Depreciation was recorded on the truck using the straight$-$line method.

Assume a useful life of four years and a salvage value of $$1800$

c$.$ Prepaid Insurance for the month has expired.

d$.$ Office Supplies on hand $$450.$

e$.$ Unearned Revenue earned during the month $$700.$

f$.$ Accrued Service Revenue, $$450.$ Requirements:

Record each transaction in the journal. Explanations are not required. Refer to the $t$ accounts for

account names. The transactions are on the 'Data' tab and the template is below.

Post the transactions in the T$-$accounts below.

Prepare an unadjusted trial balance $($below$)$ as of December $31,2024.($DR$=$CR$)$

Journalize the adjusting entries using the adjustment data on the data tab.

Post adiusting entries to the T$-$accounts.

Prepare an adjusted trial balance $($below$)$ as of December $31,2024.$

Prepare Murphy's income statement and statement of retained earnings for the month ended

December $31,2024,$ and the classified balance sheet on that date. On the income statement, list

expenses in decreasing order by amount$-$that is$,$ the largest expense first, the smallest expense last.

Templates are below.

Journalize the closing ehtries and post to the T$-$accounts.

Prepare a post$-$ closing trial balance $($below$)$ as of December $31,2024.$

Murphy Delvery Service began operations by receiving $$15,000$ cash and a

truck with a fair value of $$9,000$ from Russ Murphy. The business issued

Murphy shares of common stock in exchanae for this contribution

Paid $$600$ cash for a six$-$month insurance policy. The policy begins December

$1-1$

$4$ Paid $$750$ cash for office supplies.

Record each transaction in the journal. Explanations are not required. Refer to the t accounts for

account names. The transactions are on the 'Data' tab and the template is below.

Post the transactions in the T$-$accounts below.

Prepare an unadjusted trial balance $($below$)$ as of December $31,2024.($DR$=$CR$)$

Journalize the adjusting entries using the adjustment data on the data tab.

Post adiusting entries to the T$-$accounts.

Prepare an adjusted trial balance $($below$)$ as of December $31,2024.$

Prepare Murphy's income statement and statement of retained earnings for the month ended

December $31,2024,$ and the classified balance sheet on that date. On the income statement, list

expenses in decreasing order by amount$-$that is$,$ the largest expense first, the smallest expense last.

Templates are below.

Joumalize the closing ehtries and post to the T$-$accounts.

Prepare a post$-$ closing trial balance $($below$)$ as of December $31,2024.$

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