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I need the T Accounts for the following transactions please. N K G A D E F Amount December Transactions 2,000 Issued common stock for
I need the T Accounts for the following transactions please.
N K G A D E F Amount December Transactions 2,000 Issued common stock for cash a. 2,400 b. Paid cash for three month's rent: December 2019, January and February 2020 13,000 Purchased a used truck on credit (recorded as an account payable) di Purchased supplies on credit. These are expected to be used during the month (recorded as expense) Paid for a one-year truck insurance policy, effective December 1 1,600 2,280 el f. Billed a customer for work completed to date Collected cash for work completed to date 6,000 4,000 g. Paid the following expenses in cash: h. Advertising 700 Interest 700 Telephone Truck operating 800 600 Wages Collected part of the amount billed in f above 5,000 1,000 Billed customers for work completed to date 7,000 k. Signed a contract for work to be performed in January 2020 5,000 L Paid the following expenses in cash: Advertising 600 Interest 600 Truck operating 900 Wages Collected an advance on work to be done in January (the policy of the coproration is to record such 2,000 m. 5 advances as revenue at the the time they are receivedk Received a bill for electricity used during the month (recorded as utilities expense) 6 n 2,000 7 800 2019 o December 81 Adjusting Entries Amount One month of the prepaid insurance has expired. The December portion of the rent paid on December 1 has expired. Counted supplies and found this amount still on hand (recorded the amount used as an expense) 2 p. 33 $100 $2,000 34 The amount collected in transaction m is unearned at December 31. Three days of wages for December 29, 30, and 31 are unpaid. These 35 36 will be paid in January. One month of depreciation needs to be recorded. Estimated useful life of truck in years is: $2,900 37 t Income taxes expense to be paid in the next fiscal year. 38 $100 36 40 41 fr X 19 P Q T R O K L Ni F G J E H C D A B Roth Contractors Corporation Rent Expense Accounts Payable Repair Revenue Cash Supplies Expense Accounts Receivable Advertising Expense Wages Payable Telephone Expense Unearned Repair Revenue Prepaid Insurance Income Taxes Payable Depreciation Exp. - Truck Truck Operating Expense Prepaid Rent Common Stock Insurance Expense Utilities Expense 3. Unused Supplies 5 Interest Expense 26 Wages Expense 7 Truck 28 30 Acc. Dep'n-Truck Income Taxes Expense 31 32 24 1 Required Transactions Pt. A Adj. Entries Pt. B T-accounts Unl. Entries Adj. Trial Bal. Calculate
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