ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2013
No.	Account Title	Debit		Credit
101	Cash		19,000
126	Supplies		7,000
128	Prepaid insurance		6,000
167	Equipment		139,290
168	accumulated Depreciation Equipment				$ 22,000
201	Accounts payable				6,200
251	Long-term notes payable				21,000
301	V. Ace, equity				79,900
302	V. Ace, withdrawals		26,500
401	Construction fees earned				144,000
623	Wages expense		49,000
633	Interest expense		2,310
640	Rent expense		13,000
683	Property taxes expense		4,100
684	Repairs expense		2,600
690	Utilities expense		4,300
	Totals		273,100		273,100

Instructions:

a) Journalize the following adjusting entries as of fiscal year-end April 30, 2015. b) Post the adjusting entries to an unadjusted trial balance and prepare the adjusted trial balance.

Adjustments:

The supplies available at the end of fiscal year 2013 had a cost of $2,520.

The cost of expired insurance for the fiscal year is $3,780.

Annual depreciation on equipment is $8,700.

The June utilities expense of $520 is not included in the unadjusted trial balance, because the bill arrived after the trial balance was prepared. The $520 amount owed needs to be recorded.

The companys employees have earned $1,500 of accrued wages at fiscal year-end.

The rent expense incurred and not yet paid or recorded at fiscal year-end is $300.

Additional property taxes of $800 have been assessed for this fiscal year, but have not been paid or recorded in the accounts.

The $210 accrued interest for June has not yet been paid or recorded.