Prepare the required adjusting entries and closing entries for Nguyen Construction Company. Journal entry worksheet 567812 Supplies available at the end of the current fiscal year total $3,800. Record the required adjusting entry, if any. Note: Fnter debits before credits. NGUYEN CONSTRUCTION COMPANY 12.5 Balance shoet June 30 ASSETS edosk. Current assets: Awk GL0306 (Algo) - Based on Problem 3-8AB LO C2, P1, P2, P3, P4, P5, P6, P8 The following unadjusted trial balance is for Nguyen Construction Company at its June 30 current fiscal yeac-end. The creat balance of the Retained Earnings account was $82.000 on June 30 of the prior yeas. information for adjustments is as follows: a. Supplies available at the end of the current fiscal yoar total $3.800 b. Cost of expired insurance for the current fiscol year is $2,900 c. Annual depreclation on equipment is $30,600 d. June utilities expense of $1,300 is not included in the unadjusted trial balance because the bill arrived after the thal balance was prepared. The $1,300 amount owed must be recorded. e. Employees have earned $5,400 of accrued and unpaid wages at fiscal year-end. 6. Rent expense incurred and not yet paid or recorded at fiscal year end is $1,400. 9. Additional property taxes of $1,800 heve been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Nouyen Construction Company. 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 accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. statement of Retained Earnings tab - The unadjusted, adjusted or post-closing balances will 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 selection. Post-Closing tab-Use the drop-downs to indicate whether each account is included on the post-closing trial balance. The following unadjusted trial balance is for Nguyen Construction Company at its June 30 current fiscal year-end. The credit balance pf the Retained Earnings account was $82,000 on June 30 of the prior year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,800. b. Cost of expired insurance for the current fiscal year is $2,900. c. Annual depreciation on equipment is $30,600. d. June utilities 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 must be recorded. e. Employees have earned $5,400 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. 9. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Nguyen Construction Company. Prepare the required adjusting entries and closing entries for Nguyen Construction Company. Journal entry worksheet 567812 Supplies available at the end of the current fiscal year total $3,800. Record the required adjusting entry, if any. Note: Fnter debits before credits. NGUYEN CONSTRUCTION COMPANY 12.5 Balance shoet June 30 ASSETS edosk. Current assets: Awk GL0306 (Algo) - Based on Problem 3-8AB LO C2, P1, P2, P3, P4, P5, P6, P8 The following unadjusted trial balance is for Nguyen Construction Company at its June 30 current fiscal yeac-end. The creat balance of the Retained Earnings account was $82.000 on June 30 of the prior yeas. information for adjustments is as follows: a. Supplies available at the end of the current fiscal yoar total $3.800 b. Cost of expired insurance for the current fiscol year is $2,900 c. Annual depreclation on equipment is $30,600 d. June utilities expense of $1,300 is not included in the unadjusted trial balance because the bill arrived after the thal balance was prepared. The $1,300 amount owed must be recorded. e. Employees have earned $5,400 of accrued and unpaid wages at fiscal year-end. 6. Rent expense incurred and not yet paid or recorded at fiscal year end is $1,400. 9. Additional property taxes of $1,800 heve been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Nouyen Construction Company. 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 accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. statement of Retained Earnings tab - The unadjusted, adjusted or post-closing balances will 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 selection. Post-Closing tab-Use the drop-downs to indicate whether each account is included on the post-closing trial balance. The following unadjusted trial balance is for Nguyen Construction Company at its June 30 current fiscal year-end. The credit balance pf the Retained Earnings account was $82,000 on June 30 of the prior year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,800. b. Cost of expired insurance for the current fiscal year is $2,900. c. Annual depreciation on equipment is $30,600. d. June utilities 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 must be recorded. e. Employees have earned $5,400 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. 9. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Nguyen Construction Company
