1 The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $78,660 on June 30 of the prior year. Information for adjustments is as follows: 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. e. Employees have earned $1,800 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $500. g. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $250 of accrued interest for June has not yet been paid or recorded. nts eBook Print eferences St of Retained Earnings Prepare the required adjusting entries and closing entries for Ace Construction Company. Requirement View transaction list General Journal Journal entry worksheet 1 Date June 30 Note: Enter debits before credits. General Ledger 2 3 Supplies Record entry 4 Trial Balance Account Title 5 Clear entry 6 Supplies available at the end of the current fiscal year total $3,300. Record the required adjusting entry, if any. Income Statement 7

The following unadjusted trial balance is for Ace Construction Company at its June 30 curtent fiscal year-end. The credit balance of the Retained Earnings account was $78,660 on June 30 of the prior year. Information for adjustments is as follows: a. Supplies avallable 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. e. Employees have eamed $1,800 of accrued and unpald wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $500. 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $250 of accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and clasing entries for Ace Construction Company. Journal entry worksheet Note: Enter deb ts before credits