5. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30. (5) Net Income, $2,197; Total assets, $51,117 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger 7. Prepare a post-closing trial balance. (7) P-C trial balance totals $51,617 Problem 4-2A Preparing a work sheet, adjusting and closing entries, and financial statements C3 P1 P2 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 Page 155 account was $53,660, and the owner invested $35,000 cash in the company during the 2019 fiscal year. Credit Debit $ 18,500 7.200 132.000 Unadjusted Trial Balance June 30, 2019 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long term notes payable 301 V. Ace, Capital 302 V. Ace. Withdrawals 401 Construction fees earned 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Property taxes expense 684 Repairs expense 690 Utilities expense Totals $ 26.250 6800 0 0 0 0 25.000 88,660 33.000 132,100 0 46.860 2.750 12.000 7.800 2,910 5,890 $278,810 We've updated our read aloud featurel Give it a try here $278.810 fb Aa 10 F 154 A 57 571 tv 28 MacBook Air 5. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30. (5) Net Income, $2,197; Total assets, $51,117 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger 7. Prepare a post-closing trial balance. (7) P-C trial balance totals $51,617 Problem 4-2A Preparing a work sheet, adjusting and closing entries, and financial statements C3 P1 P2 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 Page 155 account was $53,660, and the owner invested $35,000 cash in the company during the 2019 fiscal year. Credit Debit $ 18,500 7.200 132.000 Unadjusted Trial Balance June 30, 2019 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long term notes payable 301 V. Ace, Capital 302 V. Ace. Withdrawals 401 Construction fees earned 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Property taxes expense 684 Repairs expense 690 Utilities expense Totals $ 26.250 6800 0 0 0 0 25.000 88,660 33.000 132,100 0 46.860 2.750 12.000 7.800 2,910 5,890 $278,810 We've updated our read aloud featurel Give it a try here $278.810 fb Aa 10 F 154 A 57 571 tv 28 MacBook Air