1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Murphy, Withdrawals Accounts Receivable Income Summary Office Supplies Service Revenue Prepaid Insurance Salaries Expense Truck Depreciation Expense-Truck Accumulated Depreciation-Truck Insurance Expense Accounts Payable Fuel Expense Salaries Payable Rent Expense Unearned Revenue Supplies Expense Murphy, Capital 2. Post the transactions in the T-accounts.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PA: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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1. Record each transaction in the journal using the following chart of accounts.
Explanations are not required.
Cash
Murphy, Withdrawals
Accounts Receivable
Income Summary
Office Supplies
Service Revenue
Prepaid Insurance
Salaries Expense
Truck
Depreciation Expense-Truck
Accumulated Depreciation-Truck
Insurance Expense
Accounts Payable
Fuel Expense
Salaries Payable
Rent Expense
Unearned Revenue
Supplies Expense
Murphy, Capital
2. Post the transactions in the T-accounts.
Transcribed Image Text:1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Murphy, Withdrawals Accounts Receivable Income Summary Office Supplies Service Revenue Prepaid Insurance Salaries Expense Truck Depreciation Expense-Truck Accumulated Depreciation-Truck Insurance Expense Accounts Payable Fuel Expense Salaries Payable Rent Expense Unearned Revenue Supplies Expense Murphy, Capital 2. Post the transactions in the T-accounts.
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