pletir justingentries to T Adjustment data: a. Accrued Salaries Expense, $800. , Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $3,000. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. e Unearned Revenue earned during the month, $700. €. Accrued Service Revenue, $450. - Prepare an adjusted trial balance as of December 31, 2018. Prepare Murphy Delivery Service's income statement and statement of owner's uity for the month ended December 31, 2018, 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 e expense last. pelize the closing ent
pletir justingentries to T Adjustment data: a. Accrued Salaries Expense, $800. , Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $3,000. Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. e Unearned Revenue earned during the month, $700. €. Accrued Service Revenue, $450. - Prepare an adjusted trial balance as of December 31, 2018. Prepare Murphy Delivery Service's income statement and statement of owner's uity for the month ended December 31, 2018, 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 e expense last. pelize the closing ent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer questions 5. 6. And 7.
Transcribed Image Text:pletir
justingentries to T
Adjustment data:
a. Accrued Salaries Expense, $800.
, Depreciation was recorded on the truck using the straight-line method. Assume
a useful life of five years and a salvage value of $3,000.
Prepaid Insurance for the month has expired.
d. Office Supplies on hand, $450.
e Unearned Revenue earned during the month, $700.
€. Accrued Service Revenue, $450.
- Prepare an adjusted trial balance as of December 31, 2018.
Prepare Murphy Delivery Service's income statement and statement of owner's
uity for the month ended December 31, 2018, 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 e
expense last.
pelize the closing ent
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