Accounting Journal Entries and Adjusting Entries for Roth Contractors Corporation | Year-End 2019

In this document we will discuss about Accounting Journal Entries and Adjusting Entries for Roth Contractors Corporation and below are the summary points of this document:- The text includes journal entries and adjusting entries for Roth Contractors Corporation for the year ended 31.12.2019. It provides details of debit and credit amounts for various accounts, such as cash, share capital, prepaid rent, truck, supplies, accounts receivable, repair revenue, advertising expenses, wages expenses, and more. The text concludes with a balance sheet showing the balances of different accounts like share capital, accounts payable, unused supplies, accumulated depreciation, repair revenue, cash, and more.  

Running head: ACCOUNTING
Accounting
Name of the Student:
Name of the University:
Author Note:

1ACCOUNTING
SR.NO Date Particulars Debit $ Credit $
a Cash 5000
Share Capital 5000
b Prepaid Rent 1200
Cash 1200
c Truck 10000
Accounts payable 10000
d Supplies Expenses 1000
Accounts pyable 1000
e Prepaid Insurance 1800
Cash 1800
f Accounts Receievable 4500
Repair Revenue 4500
g Cash 800
Repair Revenue 800
h Advertising Expenses 350
Interest Expense 100
Telephone Expense 75
Truck Operating Expense 425
Wage expense 2500
Cash 3450
i Cash 2000
Accounts Receievable 2000
j Accounts Rreceivable 6500
Repair Revenue 6500
l Advertising Eexpense 200
Interest Expense 150
Truck Operating Expense 375
wages Expense 2500
Cash 3225
m Cash 2000
Repair Revenue 2000
n Utilities Expense 100
Accounts Payable 100
Roth Contractors Corporation
Journal Entries for the year ended 31.12.2019

2ACCOUNTING
o Insurance Expenses 150
Prepaid Insurance 150
p Rent Expense 400
Prepaid Rent 400
q Repair Revenue 2000
Unearned Repair Revenue 2000
r Unsued Supplies 350
Supplies Expense 350
r Wages Expense 1500
Wages Payable 1500
t Depreciation Expense- Truck 208
Accumulated Depreciation 208
u Income Taxes Expense 500
Income Tax Payable 500
Adjusting Entries
DR CR
Cash
Particulars $ Particulars $
share Capital 5000 prepaid Rent 1200
Repair Revenue 800 Prepaid Insurance 1800
Accounts Receivable 2000 Expenses 3450
Repair Revenue 2000 Expenses 3225
Total 9800 Total 9675
Balance 125
Accounts Payable
Particulars $ Particulars $
Truck 10000
Supplies Expenses 1000
Utilities Expense 100
Balance 11100
Repair Revenue
Particulars $ Particulars $
Unearned Repair
Revenue 2000
Accounts
Receivable 4500
Cash 800
Accounts
Receivable 6500
Cash 2000

3ACCOUNTING
Total 2000 Total 13800
Balance 11800
Rent Expense
Particulars $ Particulars $
Prepaid Rent 400
Insurance Expense
Particulars $ Particulars $
Prepaid Insurance 150
Interest Expense
Particulars $ Particulars $
cash 100
cash 150
Balance 250
Income Tax Expense
Particulars $ Particulars $
Income Tax Payable 500
Unearned Repair Revenue
Particulars $ Particulars $
Repair Revenue 2000
Income Tax Payable
Particulars $ Particulars $
Income Tax
Expense 500
Wages Payable
Particulars $ Particulars $
Wages Expenses 1500
Wages Expense
Particulars $ Particulars $
cash 2500
cash 2500
Wages Payable 1500
Balance 6500

4ACCOUNTING
DR CR
Share Capital
Particulars $ Particulars $
Cash 5000
Supplie Expense
Particulars $ Particulars $
Accounts Payable 1000 Unused Supplies 350
Bal 650
Adverrtising Expense
Particulars $ Particulars $
Cash 350
Cash 200
Balance 550
Telephone Expense
Particulars $ Particulars $
Cash 75
Depreciation Expense- Truck
Particulars $ Particulars $
Accumulated Depreciation 208
Accumulated Depreciation- Truck
Particulars $ Particulars $
Depreciation Expense 208
Utility Expense
Particulars $ Particulars $
Accounts Payable 100
Truck Operating Expense
Particulars $ Particulars $
Cash 425
Cash 375
Balance 800
DR CR
Unused Supplies
Particulars $ Particulars $
Balance 350 Supplies Expense 350
Truck

5ACCOUNTING
Particulars $ Particulars $
Balance 10000 Accounts payable 10000
Accounts Receivable
Particulars $ Particulars $
Repair Revenue 4500 Cash 2000
Repair Revenue 6500
Balance 9000
Prepaid Insurance
Particulars $ Particulars $
Cash 1800
Insurance
Expense 150
Balance 1650
Prepaid Rent
Particulars $ Particulars $
Cash 1200 Rent Expense 400
Balance 800
Roth Contractors Corporation
for the year ended 31.12.2019
Accounts Adjusted Trail Balance Closing Balance

6ACCOUNTING
Debit Credit Debit Credit
Cash $
125.00 125
Accounts receivable $
9,000.00 9000
Prepaid insurance $
1,650.00 1650
Prepaid rent $
800.00 800
Unused supplies $
350.00 350
Truck $
10,000.00
$
10,000.00
Acc. dep. – truck $
208.00
Accounts payable $
11,100.00
$
11,100.00
Wages payable $
1,500.00
Income Tax Payable $
500.00
$
500.00
Unearned revenue $
2,000.00
$
2,000.00
Common stock $
5,000.00
$
5,000.00
Retained earnings $
1,617.00
Income summary
Repair revenue $
11,800.00
$
11,800.00
Advertising expense $
550.00
Dep. expense – truck $
208.00
Insurance expense $
150.00
Interest expense $
250.00
$
250.00
Rent expense $
400.00
$
400.00
Supplies expense $
650.00
$
650.00
Telephone expense $
75.00
Truck operating
expense
$
800.00
$
800.00
Utilities expense $
100.00
Wages expense $
6,500.00
$
6,500.00

7ACCOUNTING
Income taxes expense
$
500.00
$
500.00
Total $
32,108.00
$
32,108.00
Roth Contractors Corporation
for the year ended 31.12.2019
Post-Closing Trail Balance
Accounts Debit Credit
Cash $
125.00
Accounts receivable $
9,000.00
Prepaid insurance $
1,650.00
Prepaid rent $
800.00
Unused supplies $
350.00
Truck $ 10,000.00
Acc. dep. – truck $
208.00
Accounts payable $ 11,100.00
Wages payable $
1,500.00
Income Tax Payable $
500.00
Unearned revenue $
2,000.00
Common stock $
5,000.00
Retained earnings $
1,617.00
Total $ 21,925.00 $ 21,925.00

8ACCOUNTING
Particulars $ $
Revenue
Repairs 11800
Expenses
Adverrtsing 550
depreciation 208
Insurance 150
Interest 250
Rent 400
Supplies 650
Telephone 75
Truck Operating 800
Utilities 100
Wages 6500
Income taxes 500
Total Expenses 10183
Net Income 1617
Roth Contractors Corporation
Income Statement
For the year ended 31.12.2019
Share
Capital
Retained
earnings
Total
Equity
Balance, beginning of year
Shared Issued 5,000.00$ 5,000.00$
Net Income 1,617.00$ 1,617.00$
Balance end of the year 5,000.00$ 1,617.00$ 6,617.00$
Roth Contractors Corporation
Statement of Changes in Equity
For the year ended 31.12.2019

9ACCOUNTING
Pariculars $ $
Assets
Current Asset
Cash 125.00$
Accounts Reveievable 9,000.00$
Prepaid Insurance 1,650.00$
Prepaid Rent 800.00$
Unused supplies 350.00$
Truck 10000
Less- Accumulated Depreciation 208 9,792.00$
Total Current Asset 21,717.00$
Non- Current Asset
Total asset 21,717.00$
Liabilities
Non- Current Liabilities
Accounts Payable 11,100.00$
Wages Payable 1,500.00$
Unearned Repair Revenue 500.00$
Income Tax Payable 2,000.00$
Total Liabilities 15,100.00$
Shareholders` Equity
Share Capital 5,000.00$
Retained Earnings 1,617.00$
Total Shareholders equity 6,617.00$
Total Liabilities and shareholders equity 21,717.00$
Roth Contractors Corporation
Balance Sheet
For the year ended 31.12.2019

10ACCOUNTING
Date Particulars Debit $ Credit $
Dec-31 Repair Revenue 11800
Income Statement 11800
Dec-31 Income Statement 10183
Advertising expense 550
Dep. expense – truck 208
Insurance expense 150
Interest expense 250
Rent expense 400
Supplies expense 650
Telephone expense 75
Truck operating expense 800
Utilities expense 100
Wages expense 6500
Income taxes expense 500
Dec-31 Income Statement 1617
Retained earnings 1617
Roth Contractors Corporation
Closing Journal Entries for the year ended 31.12.2019