delivery service completed the following transactions during its first month of oper 502355 | Homework Solutions

Delivery Service completed the following transactions during its first month of operations for Jan. 2012.

a. Delivery Service began operations by receiving $6,000 cash and a truck valued at $11,000. The business gave delivery company capital to aquire these assets. (put truck in at value)

Don't use plagiarized sources. Get Your Custom Essay on
delivery service completed the following transactions during its first month of oper 502355 | Homework Solutions
This is a Snippet Preview Access a Complete Custom Written Paper Done by Our Expert Writers
Order Essay

b.Paid $300 cash for supplies

c. Prepaid insurance, $700

d. Performed delivery services for a customer and received $800 cash

e. Completed a large delivery job billed customer 1500 and received a promise to collect the $1,500 within one week.

f. Paid employee salary $700

g. Received $12,000 cash for performing delivery services

h. Collected $600 in advance for delivery service to be performed later .

i. Collected $1,500 cash from a customer on account

j. Purchased fuel for truck paying $200 with a company credit card(credit accounts payable)

K Performed delivery services on account $900.

l. Paid office rent $600. This rent is not paid in advance.

m. Paid $200 on account.

n. owner withdrew cash of $2,100.


1. Record each transaction in journal. Key each transaction by its letter . Explanations are not required.

2. Post transactions that you recorded in Requirement a in the in T-accounts.


Accounts Receivable


Prepaid Insurance

Delivery truck

Accumulated Depreciation

Accounts Payable

Salary Payable

Unearned Service Revenue

Delivery Service, Capital

Delivery Service, Withdrawals

Income Summary

Service Revenue

Salary Expense

Depreciation Expense

Insurance Expense

Fuel Expense

Rent Expense

Supplies Expense

My Academic Papers | Homework Papers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.