Question

on picture 4 can you please make an answer that is put into the charts, also the jounal entries page. Can the trial balance be seperated, and the statments as well.

Roth Contractors Corporation was incorporated on December 1, 2019. Required: Part A 1 Prepare journal entries to record the December transactions shown on page "Transactions Pt. A". General ledger account numbers and descriptions are not needed. 2 Post the entries to general ledger T-accounts. Part B 3 Prepare all necessary adjusting entries based on the information shown on the printed "Adj. Entries Pt. B" page. General ledger account numbers and descriptions are not necessary. 4 Post the entries to general ledger T-accounts and calculate bala 5 Prepare an adjusted trial balance at December 31. 6 Prepare an income statement, statement of changes in equity, and balance the fiscal year-end is December 31, 2019. 7 Prepare closing entries and a post-closing trial balance at December 31, 201

Answer 1

Roth Contractors Jounal Enteries Trans. Particulars a. Cash a/c Dr. To Common Stock (Common stock issued for cash) Debit in $ Credit in 2000 2000 b. Dr. 2400 Prepaid Rent a/c To Cash (3 Months rent paid) 2400 13000 Truck a/c Dr. To Accounts Payable (Truck purchased on account) 13000 d. 1600 Supplies a/c Dr. To Accounts Payable (Supplies on account) 1600 2280 Prepaid Insurance a/c Dr. To Cash (one year insurance paid) 2280 f. 6000 Accounts Receivable a/c Dr. To Service Revenue (Services provided on account) 6000 4000 Cash a/c Dr. To Accounts Receivable (Cash from debtors) 4000 h. 700 Advertising Expense a/c Dr. Interest Expense a/c Dr. Telephone Expense a/c Dr. Truck Operating Expense a/c Dr. Wages Expense a/c Dr. To Cash (Expenses paid) 700 800 600 5000 7800 Dr. 1000 Cash a/c To Accounts Receivable (Cash from debtors) 1000

Trans. Particulars Accounts Receivable a/c Dr. To Service Revenue (Services provided on account) Debit in $ Credit in 7000 7000 k. No Journal Entrry Advertising Expense a/c Dr. Interest Expense a/c Dr. Truck Operating Expense a/c Dr. Wages Expense a/c Dr. To Cash (Expenses paid) 600 600 900 2000 4100 2000 Cash a/c Dr. To Unearned Revenue (Advance from client) 2000 n. Dr. 800 Utilities Expense a/c To Utilities Payable (Expense accrued) 800 Adjusting Enteries Trans. Particulars o. Insurance Expense a/c Dr. To Prepaid Insurance (Insurance expensed) 2280/12 Debit in $ Credit in $ 190 190 p. Dr. 800 Rent expense a/c To Prepaid Rent (Rent expensed) 800 4. 1500 Supplies Expense a/c Dr. To Supplies (Supplies expensed) 1600 - 100 1500 No Journal Entrry 2900 Wages Expense a/c Dr. To Wages Payable (Wages accrued) 2900 t. Depreciation Expense a/c Dr. 361 To Accum. Depre - Truck (To record depreciation) 13000/( 3 x 12) 361 u. 100 Income Tax Expense a/c Dr. To Income Tax Payable (Income Tax accrued) 100

Worksheet For the period ending 31.12.2019 Particulars Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Truck Accum. Depre - Truck Accounts Payable Utilities Payable Wages Payable Unearned Revenue Income Tax Payable Common Stock Service Revenue Advertising Expense Interest Expense Telephone Expense Truck Operating Expense Wages Expense Utilities Expense Insurance Expense Rent expense Supplies Expense Depreciation Expense Income Tax Expense Totals Unadjusted Adjustments Adjusted Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ -7580 -7580 8000 8000 1600 1500 100 2400 800 1600 2280 190 2090 13000 13000 361 361 14600 14600 800 800 2900 2900 2000 2000 100 100 2000 2000 13000 13000 1300 1300 1300 1300 800 800 1500 1500 7000 2900 9900 800 800 190 190 800 800 1500 1500 361 361 100 100 32400 32400 5851 5851 35761 35761

13000 Statement of Income For the period ending 31.12.2019 Service Revenue Less: Advertising Expense Interest Expense Telephone Expense Truck Operating Expense Wages Expense Utilities Expense Insurance Expense Rent expense Supplies Expense Depreciation Expense 1300 1300 800 1500 9900 800 190 800 1500 361 18451 -5451 -100 -5551 Income Tax Expense Net Loss Statement of Changes in Equity For the period ending 31.12.2019 Total 0 Beginning Add:Invested Net Loss Totals Common Retained Stock Earnings 0 2000 -5551 2000 -5551 2000 -5551 -3551

As at 31.12.2019 Assets Current Assets Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Amounts in $ Amounts in $ Liabilities Amounts in $ Amounts in $ Current Liabilities 8000 Accounts Payable 14600 100 Utilities Payable 800 1600 Wages Payable 2900 2090 11790 Unearned Revenue 2000 Income Tax Payable 100 Bank Overdraft 7580 27980 13000 -361 12639 Shareholders Equity Common Stock 2000 Retained Earnings -5551 -3551 24429 Total Liabilities & Equity 24429 Non Current Assets Truck Accum. Depre - Truck Total Assets