Comp4-1 (similar to) i More Info Mass Delivery Service completed the following transactions during December 2 A (Click the icon to view the transactions.) Accrued Salaries Expense, $1,000. b. Depreciation was recorded on the truck using the straight-line method. Assume la useful life of five years and a salvage value of $1,000. c. Prepaid Insurance for the month has expired. d. /Office supplies on hand, $300. e. Unearned Revenue earned during the month, $1,000. f. Accrued Service Revenue, $1,250. Read the requirements. Acc. = Accumulated, Dep. = Depreciation, Exp. = Expense.) (Click the icon to view the adjustment information.) Mass Delivery Service Worksheet December 31, 2018 Print Done Unadjusted Trial Balance Adjustments Account Title Debit Credit Mass Delivery Service began operations by receiving $15,000 cash and a truck with a fair value of $10,000 from Ripley Mass. The business issued Mass shares of common stock in exchange for this contribution. Cash 28,060 Dec. 1 Accounts Receivable 1,500 (f) 1,250 Office Supplies 740 (d) 1 Paid $900 cash for a six-month insurance policy. The policy begins Prepaid Insurance 900 (c) December 1. Truck 10,000 4 Paid $740 cash for office supplies. Performed delivery services for a customer and received $1,900 cash. 12 Аcс. Dep.—Truck (b) Completed a large delivery job, billed the customer, $3,200, and received a promise to collect the $3,200 within one week. Paid employee salary, $1,000. Received $13,000 cash for performing delivery services. Collected $1,300 in advance for delivery service to be performed later. Accounts Payable 15 Salaries Payable (а) 1,000 18 Unearned Revenue 1,300 (e) 1,000 20 Common Stock 25,000 22 Dividends 2,200 25 Collected $3,200 cash from customer on account. Service Revenue 19,600 (e) 1,000 27 Purchased fuel for the truck, paying $300 on account. (Credit Accounts Payable) (f) 1,250 28 Performed delivery services on account, $1,500. Salaries Expense 1,000 (а) 1,000 29 Paid office rent, $1,200, for the month of December. Dep. Exp.-Truck (b) 30 Paid $300 on account. 31 Cash dividends of $2,200 were paid to stockholders. Insurance Expense (c) Fuel Expense 300 Rent Expense 1,200 Print Done Supplies Expense (d) 45,900 45,900 Net income or loss