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1. please help current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. ACE CONSTRUCTON COMPANY Work Sheot
1. please help
current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. ACE CONSTRUCTON COMPANY Work Sheot For Year Ended June 30 Prepare the adjusting entries (all dated June 30 ). Journal entry worksheet Record the required adjusting entry, if any. Cost of expired insurance for the current fiscal year is $3,800. Note: Enter debits before credits: Complete this question by entering your answers in the tabs below. Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the adjusting entries (all dated June 30 ). Journal entry worksheet 2 4 5 6 7 8 Record the required adjusting entry, If any. Supplies avallable at the end of the current fiscal year total $3,300. Niote: Enter debits before crodas. Complete this question by entering your answers in the tabs below. Prebare the classified balance sheet at June 30. Journal entry worksheet 1234 Record the required adjusting entry, if any. Rent expense incurred and not yet paid or recorded at fiscal year-end is $500. Prepare the income statement for the year ended June 30. Journal entry worksheet \begin{tabular}{llll|llll} 1 & 2 & 3 & 4 & 6 & 7 & 8 \end{tabular} Record the required adjusting entry, if any. Employees have earned $1,800 of accrued and unpaid wages at fiscal year-end. Prepare the closing entries (all dated June 30 ). Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. 2a. Prepare the adjusung entnes (all aatea June su). 2b. Prepare the closing entries (all dated June 30 ). 3a. Prepare the income statement for the year ended June 30 . 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30 . Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the year ended June 30 . Journal entry worksheet 1234567 Record the required adjusting entry, if any. $250 of accrued interest for June has not yet been paid or recorded. Note: Enter debits before credits. Prepare the adjusting entries (all dated June 30 ). Journal entry worksheet Record the required adjusting entry, if any. Annual depreciation on equipment is $8,400. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $53,660 on June 30 of the prior year, and the owner invested $35,000 cash during the current fiscal year. Adjustments: a. Supplies available at the end of the current fiscal year total $3,300. b. Cost of expired insurance for the current fiscal year is $3,800. c. Annual depreciation on equipment is $8,400. d. June utilities expense of $650 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $650 amount owed must be recorded Journal entry worksheet Record the required adjusting entry, if any. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. Journal entry worksheet Step by Step Solution
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