2. Prepare the adjunting entries. Descriptions are not neoded. Q3- 20 marks - 1 mark for each journal entryRoth Contractors Corporation was incorporated on December 1, 2015 and had the following transactions during December: Part A. (a) Lwued thare capital fer 55,000cm. (b) Faid $1,200 for three months' rent: December 3015 ; ja fuary and February 2016. (c) Purchased a used truck for $10,000 on crest (recorded as an aceount payable). (d) Purchased $1,000 of supplies on credit. These are eapected to be used during the month (recorded as expense). (o) Paid S1.000 for a one-year truck insurance polion affective December 1. (1) Saled a customer $4,500 for work completed to date. (c) Colected Stoo for work completed to date. (h) Paid the following expenses: advertaing. $350; interest, $190, telephane, $75; truck operafion, 4475 wsaes, $2,500. (1) Coliected $2,000 of the ambunt billed in (f) above. (1) Biled customens $6,500 for work completed to date. (k) Signed a 59.000 contract for work to be performed in lanuary 01) Faid the following expenses: w4vertising. \$200; interest, 5150 , truck operation, 5975 ; wages, $2,500 (m) Collected a $2,000 advance on work to be done in lanuary (the policy of the corporation is to record such advances as revenue at the time they are received). (a) Recehved a bill for 5100 for electricity used during the month (recorded as vtilibes expense)