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Accenture Company has provided the following unadjusted trial balance at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital
Accenture Company has provided the following unadjusted trial balance at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $53,300 on June 30 of the prior year, and the owner invested $23,000 cash during the current fiscal year. ACCENTURE COMPANY Unadjusted Trial Balance June 30 Number Account Title 101 Cash Debit $19,500 Credit 126 Supplies 7,500 128 Prepaid insurance 6,000 167) 168 Equipment Accumulated depreciation-Equipment 128,370 $ 25,500 201 Accounts payable 5,600 203 Interest payable 0 208. Rent payable 0 210 Wages payable 0 213 Property taxes payable 0 251 Long-term notes payable. 23,000 301 V. Ace, Capital 76,300 302 V. Ace, Withdrawals 28,000 403 Construction revenue) 132,000 612 Depreciation expense-Equipment 0 623 Wages expense 50,000 633 Interest expense 2,530 637 Insurance expense 0 640 Rent expense 10,000 652 Supplies expense 0 683 Property taxes expense 4,400 684 Repairs expense 2,600 690 Utilities expense 3,500 $ 262,400 $262,400 Totals Adjustments: Adjustments: a. Supplies available at the end of the current fiscal year total $2,700. b. Cost of expired insurance for the current fiscal year is $3,780. c. Annual depreciation on equipment is $8,200. d. June utilities expense of $530 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $530 amount owed must be recorded. e. Employees have earned $1,300 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $400. g. Additional property taxes of $500 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $230 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. Complete this question by entering your answers in the tabs below. Required 1 Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional informatio ACCENTURE COMPANY Work Sheet Unadjusted Trial Balance For Year Ended June 30 Adjustments Bala Adjusted Trial Balance Income Statement. Prav 26 of 26 Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional informations ACCENTURE COMPANY Work Sheet For Year Ended June 30 Unadjusted Trial Balance Balas Adjustments Adjusted Trial Balance Number 101 Account Titles Debit Credit Debit Credit Debit Credit. Income Statement Debit Credit Cash $ 19,500 126 Supplies 7,500 128 Prepaid insurance 6,000 167 Equipment 128,370 168 Accumulated depreciation-Equipment 25,500 201 Accounts payable 5,600 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 23,000 301 V. Ace, Capital 76,300 302 V. Ace, Withdrawals 28,000 403 Construction revenue 132,000 612 Depreciation expense-Equipment 623 Wages expense 50,000 633 Interest expense 2,530 637 Insurance expense 168 Accumulated depreciation-Equipment 25,500 201 Accounts payable 5,600 203 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 403 612 Construction revenue Depreciation expense-Equipment 23.000 76,300 28,000 132,000 623 Wages expense 633 Interest expense 50000 2,530 637 Insurance expense 640 Rent expense 10,000 652 Supplies expense 683 Property taxes expense 4,400 684 Repairs expense 2.600 690 Utilities expense 3,500 Totals $262,400 $262,400 $ 0 $ 0 $ 0 $ 0 0 Net Income 0 $ 0 $ Totals ANY e 30 Adjusted Trial Balance Debit Income Statement Credit Debit Credit Balance Sheet and Statement of Owner's Equity Debit Credit
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