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Ch 3 Student Assign Copy of Ch journal entries, fd. stents, and closing entries US Ed Data Review Tel me what you want to do... g Copy Paste Home Insert Page Layout Formulas Cut Colibri - 18 -A A Format Painter BIU- - A- Clipboard 9. General $ % Bad DP Normal Merge & Center - 2 Conditional Format as Check Cell Formatting - Table 84. Number F G H B C D E Roth Contractors Corporation Income Statement For the Month Ended Dec 31, 2019 KM NOP Roth Contractors Corporation Balance Sheet --- As December 31, 2019 Assets w 4 Revenue 5 Repair Revenue 17,000 1 7 Expenses Advertising Exp Interest Exp 10 Telephone Exp 11 Truck Operation Exp 12 Wages Exp 12. Utilities Expo 14 Insurance Exp 15 Rent Exp 16 Supplie Exp 17 Depreciation Exp 18 Income Tax 19. Total Net Exp 20 Net Loss ,300 1,300 800 1,500 9,900 300 170 900 1,500 Liabilities 100 18,631 1,631 Roth Contractors Corporation Statement of Changes in Equity For the Month Ended December 31, 2019 Stockholders' Equity NNSNES Commo n stock Retained earnings Total equity 27 Opening balance 31 Ending balance Adi Entries PUB -account in Entries Adj. Trial Bal Statements Copyright Required Transactions PLA Select destination and pre ENTER or choose Paste Review View Home X Cut Eg Copy Insert Page Layout Calibri BTU Formules Data 12. ** * = A Ch 3 Student Assign Copy of Chudourna Tel me what you want to do Wap Text General Merge Center . . . Conditional Form Fonnatting. b Numbet Format P Mannen 5. A3 - X Roth Contractors Corporation was incorporated on December 1, 2019. 4 A B C D E 1 Before you begin, print out all the pages in this workbook. 3 Roth Contractors Corporation was incorporated on December 1, 2019. 5 Required: 6 Part A 7 1 Prepare journal entries to record the December transactions shown on page 8 "Transactions Pt. A". General ledger account numbers and descriptions are not needed 10 2 Post the entries to general ledger T-accounts. 12 Part B 13 3 Prepare all necessary adjusting entries based on the information shown on the printed 14 "Adi Entries Pt. B"page. General ledger account numbers and descriptions are not 75 necessary. 774 Post the entries to general ledger T-accounts and calculate balances. 18 19 5 Prepare an adjusted trial balance at December 31. 21 22 6 Prepare an income statement, statement of changes in equity, and balance sheet. Assume the fiscal year end is December 31, 2019. 247 Prepare closing entries and a post-closing trial balance at December 31, 2019 Ady Entes accounts . Entries A w Statements Cup Requiry Traction Selest osten and press ENTER Choice . Ele Review Home Page Layout Calibri m esta BTW - Clipboard Fum _outs 1- X - A Ch 3 Student Assign Copy of Cs 3 Sournal entries, fel Vw Tement you want to de Wap Test General Mero Center $. . Con Form Check Formatting Table Deg Copy 4A CD WA KINN 1 2019 2 December Transactio Amount 3a. Issued common stock for cash 2,000 4 b Paid cash for three month's rent: December 2019, January and February 2020 2,400 5 C Purchased a used truck on credit (recorded as an account payable) 13,000 6 d. Purchased supplies on credit. These are expected to be used during the month recorded as expense) 1,600 Paid for a one-year truck insurance policy, effective December 1 2,280 8f. Billed a customer for work completed to date 6,000 Collected cash for work completed to date 4.000 Paid the following expenses in cash: Advertising Interest Telephone Truck operating 600 15 Wages 5,000 16 i Collected part of the amount billed in above 1000 17 Billed customers for work completed to date 7,000 18 k. Signed a contract for work to be performed in January 2020 5,000 19 Paid the following expenses in cash: 20 Advertising 21 interest 600 Truck operating 900 23 Wapes 2,000 24 m. collected an advance on work to be done in January (the policy of the coproration is to record such 25 the time they are received) 26 n. Received a bill for electricity used during the month (recorded as utilities expense) 700 700 800 2,000 al Statements Copyright Raqured Transactions Seed Gewinnande ENTER este lomaties dits, and close Review CA Student Assign Copy O Tell me what you want to do View Home Insert Page Layout X Cut Cabe Copy Duit BIU- Formulas 12 - A* - - A Date = b Cenoval emaca. S. Normal Check Cell Choboard Conditional Forma Formatting Table Amount A B C D 2019 ecember Adjusting Entries 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 expensel The amount collected in transaction m is unearned at December 31 Three days of wages for December 29, 30, and 31 are unpaid. These will be paid in January One month of depreciation needs to be recorded. Estimated useful life of truck in years is: Income taxes expense to be paid in the next fiscal year. $100 $2,000 $2,900 $100 Adj. Entries PLB T-counts in Entries Adj u s tments Copright Required Translations PA destination and press ENTER or those Paste Bte . I x