An adjusting entry, closing entry and income statement for this problem.

The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2015 fiscal year. Problem a sheet June 30, 2014. credit balance of the owner's capital account was and the owner Preparing a work in and closing adjusting S35.000 cash in the company during the 2015 fiscal year. entries, and financial statements