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to 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. e Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. Unearned Revenue earned during the month, $700. f. 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 ity for the month ended December 31, 2018, and the classified balance sheet that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest e expense last. 8. Journalize the closing entries, and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2018.

to 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. e Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. Unearned Revenue earned during the month, $700. f. 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 ity for the month ended December 31, 2018, and the classified balance sheet that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest e expense last. 8. Journalize the closing entries, and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2018.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer questions 8. And 9. 

to 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. e Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. Unearned Revenue earned during the month, $700. f. 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 ity for the month ended December 31, 2018, and the classified balance sheet that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest e expense last. 8. Journalize the closing entries, and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2018.
Transcribed Image Text:to 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. e Prepaid Insurance for the month has expired. d. Office Supplies on hand, $450. Unearned Revenue earned during the month, $700. f. 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 ity for the month ended December 31, 2018, and the classified balance sheet that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest e expense last. 8. Journalize the closing entries, and post to the T-accounts. 9. Prepare a post-closing trial balance as of December 31, 2018.
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