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3b. Prepare the statement of owner's equity for the year end june 30. Really just need V.Ace, Capital, June 30 prior year and Add: Investments
3b. Prepare the statement of owner's equity for the year end june 30. Really just need "V.Ace, Capital, June 30 prior year" and "Add: Investments by owner" The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal yeat-end. The credit balance of the V. Ace, Capital account was $52,500 on June 30 of the prior year, and the owner invested $29,000 cash during the current fisc: year. Adjustments: 0. Supplies available at the end of the current fiscal year total $3,420. b. Cost of expired insurance for the current fiscal year is $4,410, c. Annual depreciation on equipment is $8,600. d. June utlities expense of $580 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $580 amount owed must be recorded. e. Employees have earned $1,300 of accrued and unpald wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $100. 9. Additional property taxes of $500 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $270 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepate a 10-column work sheet for the current fiscal yeat, starting with the unadjusted trial balance and including adjustments using the above additional information. 20. Prepare the adjusting entries (all dated June 30 ). 2b. Prepare the closing entries (all dated June 30). 3o. 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 . ACE CONSTRUCTION COMPANY Statement of Owner's Equity For Year Ended June 30 V. Ace, Capital, June 30 prior year Add: Investments by owner Add Net income Less: Withdrawals by owner V. Ace, Capital, June 30 current year
Really just need "V.Ace, Capital, June 30 prior year" and "Add: Investments by owner"
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