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Accounting

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Homework: CP #1 Score: 0 22 of 20 pts Click the icon to view the transactions) 1 of 1 (1 complete) Read the requirements X Requirements Requirement 1. Record each transaction in the journal Explanations are not required (Record de Dec 1 Milton Delivery Service began operations by receiving $16,000 cash and a truck with a fair Date Accounts Debit Credit Dec 1 Cash 16,000 Truck 17,000 Milton, Capital 33 000 Dec. 1 Paid 5600 cash for a three-month Insurance policy. The policy begins December 1 Date Accounts Debit Credit 1. Record each transaction in the Journal using the following chart of account Explanations are not required Cash Milton. Withdrawals Accounts Receivable Income Summary Office Supplies Service Revere Prepaid Insurance Salaries Expense Truck Depreciation Expense Truck Accumulated Depreciation Truck Insurance Expense Accounts Payable Fuel Expense Salaries Payable Rent Expense Uneamed Revenue Supplies Expense Milton, Capital Dec 1 Choose from any list or enter any number in the input fields and then click Check Answer 2. Post the transactions in the T-accounts 3. Prepare an unadjusted trial balance as of December 31, 2024 4. Prepare a worksheet as of December 31, 2024 5. 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 35 pars remaining Print Done

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