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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.
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 balances. 5 Prepare an adjusted trial balance at December 31. 6 Prepare an income statement, statement of changes in equity, and balance sheet. Assume the fiscal year-end is December 31, 2019. 7 Prepare closing entries and a post-closing trial balance at December 31, 2019. )ecember Adjusting Entries Amount o. One month of the prepaid insurance has expired. p. The December portion of the rent paid on December 1 has expired. q. Counted supplies and found this amount still on hand (recorded the amount used as an expense) $400 r. The amount collected in transaction m is unearned at December 31. s. Three days of wages for December 29,30 , and 31 are unpaid. These will be paid in January. t. One month of depreciation needs to be recorded. Estimated useful life of truck in years $2,900 u. Income taxes expense to be paid in the next fiscal year. $1,595 )ecember Adjusting Entries Amount o. One month of the prepaid insurance has expired. p. The December portion of the rent paid on December 1 has expired. q. Counted supplies and found this amount still on hand (recorded the amount used as an expense) $400 r. The amount collected in transaction m is unearned at December 31. s. Three days of wages for December 29,30 , and 31 are unpaid. These will be paid in January. t. One month of depreciation needs to be recorded. Estimated useful life of truck in years $2,900 u. Income taxes expense to be paid in the next fiscal year. $1,595 Roth Contractors Corporation GENERAL JOURNAL Roth Contractors Corporation GENERAL JOURNAL Roth Contractore Corporation GENERAL JOURNAL Roth Contractors Corporation dusted Trial Balance An December 31, 2019
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