journalize, and T accounts for all statements and balance sheets
Dwyer Delivery Service completed the following transactionsduring it's first month of operation for January 2011.
A. Dwyer Delivery service began operations by receiving $5,000 cash and a truck valued at $10,000. The business gave owner's equity to acquire these assets.
B. Paid $200 cash for supplies.
C. Prepaid Insurance, $600.
D. Performed delivery service for a customer and received $700 cash.
E. Completed a large delivery job, billed the customer $2,000, and received a promise to collect the $2,000 within one week.
F. Paid employee salary, $800.
G. Received $900 cash for performing delivery service.
H. Collected $500 in advance for a delivery service to be performed later.
I. Collected $2,000 cash from a customer on account.
J. Purchased fuel for the truck, paying $100 with the company credit card. Credit Accounts Payable.
K.Performed delivery services on account, $800.
L. Paid office rent, $500. This rent is not paid in advance.
M. Paid $100 on account.
N. Owner withdrew $1,900
