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Miller Delivery Service completed the following transactions during December 2016:

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 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.

REQUIREMENTS: BALANCE SHEET AND CLASSIFIED BALANCE SHEET

Page 5 Name: Requiremnant 7 - Classified Balance Sheet wy Gae Page 3 Requirement Requirement 7 MILLER DELIVERY SERVICE WORKSHEET December 31, 2016 Requirements Require A 6 Adjusted Trial Balance Debit Credit Account Names Unadjusted Trial Balance Debit Credit 12.900 700 500 1000 20 DO Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Deprecation - Truck Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Depreciation Expense - Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense 80A 120 000 300 1600 51,000 51.000 Subtotally Total Total 1/17/2020 J. M. Eng

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