12 3 214 The following unadjusted trial balance is for Ace Construction Co, as of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner's capital account was $52 300, and the owner invested $30.000 cash in the company during the 2019 fiscal year ACE CONSTRUCTION CO Unadjusted Trial Balance June 30, 2018 Na Account Title Debit Credit 101 Casa $ 10,500 126 Supplies 10.000 128 Prepaid insurance 5.500 167 Equipment 141.550 168 Accumulated depreciation Equipment $ 20,000 201 Accounts payable 5.400 203 Interest payable 208 Rent payable 0 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 25,000 301 V. Ace, Capital 82, see 302 V. Ace. Withdrawals 29,500 403 Construction fees earned 147,000 612 Depreciation expense-Equipment . 623 Wages expense 49,000 633 Interest expense 2,750 537 Insurance expense 640 Rent expense 14,000 652 Supplies expense 683 Property taxes expense 4,500 684 Repairs expense 2,209 690 Utilities expense 3,200 Totals $280, 700 $200, 700 Adjustments a. The supplies available at the end of fiscal year 2019 had a cost of $3,600 b. The cost of expired insurance for the fiscal year is $3,465. c. Annual depreciation on equipment is $8,700 d. The June utilities expense of $510 is not included in the unadjusted trial balance because the bill attived after the triaf balance was prepared. The $510 amount owed needs to be recorded. e. The company's employees have earned $1900 of accrued and unpaid wages of fiscal year-end . The rent expense incurred and not yet paid or recorded at fiscal year-end is $300 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded in the accounts h. The $250 accrued interest for June on the long term notes payable has not yet been said or recorded Required: 1. Prepare a 10 column work sheet for fiscal year 2019, starting with the unadjusted trial balance and including adjustments based on the additional facts. The June 30, 2018. credit balance of the owner's capital account was $52.300, and the owner invested $30,000 cash in the company during the 2019 fiscal year 20. Prepare the adjusting entries (all dated June 30, 2019) 2b. Prepare the closing entries, fail dated June 30, 2019) 30. Prepare the income statement for the year ended June 30, 2019 3b. Prepare the statement of owner's equity for the year ended June 30, 2019 3c. Prepare the classified balance sheet at June 30, 2019 Complete this question by entering your answers in the tabs below. Required: Required JA Required 21 Fequired JA Required Required 12 ARBA und Haganesc Prepare a 10-coutin worksheet for Fiscal year 2019, starting with the unadjusted trial balance and induding adjustments based on the otional facts. The Sone 30, 2018, creat bulance of the $57,300, and the owner vested $30,000 cash in the company during the 2019 fiscal year ACE CONSTRUCTION CO Woo Sheet For Year Ende June 30, 2018 Unad tedal A. Incones A Trial Balance DE CE DE CH ACT 10 Cash 126 Solis 128 307 168 Acco 201 Nowy De $10.500 10,000 5.500 141.550 70,000 6400 200 payable 210 Wage pay 213 201 Loop 300 VAC 302 VW 01 Cowes med 612 Decem 2. W 2000 02300 147.000 10.000 2.750 14.00 637 GRO 092 person 666 Man 100 Sale 500 2.100 1200 o. 1 2520.00 Red 2A