Question
GL0403 (Algo) - Based on Problem 4-2A LO C1, P1, P2 The unadjusted trial balance for Wright Construction Company at its June 30 current fiscal
GL0403 (Algo) - Based on Problem 4-2A LO C1, P1, P2 The unadjusted trial balance for Wright Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the K. Wright, Capital account was $72,000 on June 30 of the prior year, and the owner invested $50,000 cash during the current fiscal year. Information for adjustments is as follows: Supplies available at the end of the current fiscal year total $3,500. Cost of expired insurance for the current fiscal year is $2,600. Annual depreciation on equipment is $30,600. June utilities expense of $1,350 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $1,350 amount owed must be recorded. Employees have earned $5,400 of accrued and unpaid wages at fiscal year-end. Rent expense incurred and not yet paid or recorded at fiscal year-end is $2,800. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. $700 accrued interest for June has not yet been paid or recorded. I need the General Journal
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started