Check my work The unadjusted trial balance for Nguyen Construction Co. as of June 30,2017, the end of its fiscal year, is found on the trial balance tab. The June 30, 2016, credit balance of the owner's capital account was $27000, and the owner invested $55,000 cash in the company during the 2017 fiscal year Information for adjustments is as follows: a. The supplies available at the end of fiscal year 2017 had a cost of $3,800. b. The cost of expired insurance for the fiscal year is $2,900 c. Annual depreciation on equipment is $30,600 d. The June utlities expense of $1,300 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $1,300 amount owed needs to be recorded e. The company's employees have earned $5,400 of accrued wages at fiscal year-end f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of S1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts h. The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2017 fiscal year. The $350 accrued interest for June has not yet been paid or recorded. (The company is required to make a $7000 payment toward the note payable during the 2018 fiscal year) General General Trial Balance S ournal Income Sance Sheet Post Closing Requirement Statement Equity General Journal tab-Prepare any necessary adjusting and closing entries for the current fiscal year General Ledger tab Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs Income Statement tab- Use the drop-downs to select the a The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Owner's Equity tab . The una usted, adjusted or post-dosing balances wil appear for each account, based on your selection Balance Sheet tab Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your seletion Post-Closing tab- Use the drop-downs to indicate whether each account is included on the post-closing trial balance. s properly included on the income statement General ournal Check my work The unadjusted trial balance for Nguyen Construction Co. as of June 30,2017, the end of its fiscal year, is found on the trial balance tab. The June 30, 2016, credit balance of the owner's capital account was $27000, and the owner invested $55,000 cash in the company during the 2017 fiscal year Information for adjustments is as follows: a. The supplies available at the end of fiscal year 2017 had a cost of $3,800. b. The cost of expired insurance for the fiscal year is $2,900 c. Annual depreciation on equipment is $30,600 d. The June utlities expense of $1,300 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $1,300 amount owed needs to be recorded e. The company's employees have earned $5,400 of accrued wages at fiscal year-end f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of S1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts h. The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2017 fiscal year. The $350 accrued interest for June has not yet been paid or recorded. (The company is required to make a $7000 payment toward the note payable during the 2018 fiscal year) General General Trial Balance S ournal Income Sance Sheet Post Closing Requirement Statement Equity General Journal tab-Prepare any necessary adjusting and closing entries for the current fiscal year General Ledger tab Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs Income Statement tab- Use the drop-downs to select the a The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Owner's Equity tab . The una usted, adjusted or post-dosing balances wil appear for each account, based on your selection Balance Sheet tab Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your seletion Post-Closing tab- Use the drop-downs to indicate whether each account is included on the post-closing trial balance. s properly included on the income statement General ournal
