Given Data:

This unadjusted trial balance and adjusting entries are for Challenger Construction at the end of its fiscal year, September 30, 2017. The beginning balance of the owner's capital account was $52,000 and the owner invested another $40,000 cash in the company during the year.

Required: Complete the 10-column work sheet for fiscal 2017, starting with the Adjusted Trial Balance.

Account Unadjusted Trial Balance Adjustment Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 35,000 Supplies 14,300 9,500 Prepaid Insurance 12,500 2,500 Land not currently used in op. 65,000 Equipment 337,500 3,800 Accum. dep. - equipment 48,600 24,100 Copyright 12,000 Accounts payable 10,850 1,260 Interest payable Wages payable 5,000 Long-term notes payable 65,000 Chris Challenger, capital 100,000 Chris Challenger, withdrawals 35,000 Construction revenue 563,200 Deprec. Expense, equipment 24,100 Wages expense 156,800 5,000 Interest expense 2,700 Insurance expense 2,500 Rent expense 65,000 Supplies expense 9,500 Business taxes expense 25,300 Repairs expense 9,650 3,800 Utilities expense 16,900 1,260 TOTALS 787,650 787,650 46,160 46,160 PROFIT TOTALS