30 points Bock The following unadjusted trial balance is for ACE CONSTRUCTION CO. as of the end of its 2017 fiscal year. The June 30, 2016, credit balance of the owner's capital account was $57,200, and the owner invested $21,000 cash in the company during the 2017 fiscal year. ACE CONSTRUCTION CO. Unadjusted Triat Balance June 30, 2017 No. Account Title Debit Credit 101 Cash $ 17,500 126 Supplies 7.000 128 Prepaid insurance 6,500 167 Equipment 141,090 168 Accumulated depreciation Equipment $ 26,000 201 Accounts payable 5,400 203 Interest payable 208 Rent payable 210 wages payable 213 Property tales payable 251 Long-tere notes payable 21,000 301 V. Ace, Capital 78,200 302 V. Ace, withdrawals 29,000 401 Construction fees earned 145,000 612 Depreciation expense-Equipment 623 wages expense 47,000 633 Interest expense 2,310 637 Insurance expense 640 Rent expense 13,000 652 Supplies expense 683 Property taxes expense 4.800 684 Repairs expense 2,800 690 utilities expense Totals $275,600 $275,600 30 points References a. The supplies available at the end of fiscal year 2017 had a cost of $2,520 b. The cost of expired Insurance for the fiscal year is $4,095 c. Annual depreciation on equipment is $8.900 d. The June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed needs to be recorded. e. The company's employees have earned $2.000 of accrued wages at fiscal year-end. The rent expense incurred and not yet paid or recorded at fiscal year-end is $300 9. Additional property taxes of $800 have been assessed for this fiscal year but have not been paid or recorded in the accounts h. The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2017 fiscal year. The $210 accrued interest for Jure has not yet been paid or recorded. The company is required to make a $4.000 payment toward the note payable during the 2018 fiscal year) Required: 1. Prepare a 10-column work sheet for fiscal year 2017, starting with the unadjusted trial balance and including adjustments based on the additional facts 21. Prepare the adjusting entries. (all dated June 30, 2017) 2b. Prepare the closing entries (all dated June 30, 2017): 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 36. Prepare the classified balance sheet at June 30, 2017 Complete this question by entering your answers in the tabs below. Required Required 2A Required 28 Required Required 38 Required Help Save & Eat Submit Required 1 Required 2A Required 20 Required 3A Required 38 Required 3C 5 Prepare the adjusting entries (all dated June 30, 2017) View transaction list 30 points Journal entry worksheet eBook 6 7 8 The supplies available at the end of fiscal year 2017 had a cost of $2.520 Moteer debts before credits Transation General Journal Debit Credit Recorder Clear entry View General Journal Help Save & Exit Required 1 Submi Required 2A Required 28 Required 3A Required 38 Required 3C 5 Prepare the adjusting entries (all dated June 30, 2017) View transaction list 30 points Journal entry worksheet Annual depreciation on equipment is $8.900 Note: Enter debts before credits Transation General Journal Debit Credit Record entry Clear entry View general Journal 5 Prepare the adjusting entries (all dated June 30, 2017) View transaction list 30 points Journal entry worksheet 3 5 6 7 8 Reference The June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed needs to be recorded Note: Enter debits before credits Transation General Journal Debit Credit Record entry Clear entry View general Journal TEST CUPTERS 38 40 Save Journal entry worksheet 5 5 7 The company's employees and 12,000 crew year and Db 2 3 4 5 6 7 8 0 W E R T Y U 1 o P S D F G H K CV B N. M. # TEST CHAPTERS 38 40 5 Prepare the singer (dated one, 2007) 30 Journal entry worksheet 7 The rent per curred and not yet or recorded at leads $300 De Credit % 1 2 3 5 4 & 3 % 5 6 8 9 W E R T Y U o S D F G H K L V C V B N. M TEST CHAPTER 364 Save 07 Prepare the singers dated 2017) Journal entry worksheet Tramation Cream 2 3 4 % 5 & 7 6 8 O W E R T Y 1 O s D F G H J K A CV . N M 9 TEST CHAPTERS 34 Sut 5 30 Journal entry worksheet the 2017 clear the words for recorded. The company is 14.000 not be during the 2018 calea 40 $ 4 unge 3 N O 8 0 W E 70 T Y U 1 a S D F G H K 1 B N. M 9