Launch Meeting $-$ Zoom h$.$ $$240$ accrued interest for June has not yet been paid or recorded.

Required:

Prepare a $10-$column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using

the above additional information.

$2$a$.$ Prepare the adjusting entries $($all dated June $30).$

$2$b$.$ Prepare the closing entries $($all dated June $30).$

$3$a$.$ Prepare the income statement for the year ended June $30.$

$3$b$.$ Prepare the statement of retained earnings for the year ended June $30.$

$3$c$.$ Prepare the classified balance sheet at June $30.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$A

Required $3$A

Required $3$B

Required $3$C

Prepare the closing entries $($all dated June $30).$

Journal entry worksheet

$(1)$

$2$

$3$

$4$

Record the entry to close the expense account$($s$).$

Note: Enter debits before credits.

$2024$SU$-$ACC$-1001-$RE$01$ Principles of A$...$

Question $1-$ HW: Ch $3-$ Connect

Antilicia invoice.docx $-$ Google Docs

Reparaci$$n de escal$$n$.$

HW: Ch $3$ i

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$1$

$\backslash$table$[[,\backslash$table$[[$ACE CONSTRUCTION COMPANY$],[$Unadjusted Trial Balance$],[$June $30]],,],[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$$17,500,],[126,$Supplies,$8,500,],[128,$Prepaid insurance,$5,500,],[167,$Equipment,$127,760,],[168,$Accumulated depreciation$-$Equipment,,$$20,500],[201,$Accounts payable,,$6,600],[203,$Interest payable,,$0],[208,$Rent payable,,$0],[210,$Wages payable,,$0],[213,$Property taxes payable,,$0],[251,$Long$-$term notes payable,,$24,000],[307,$Common stock,,$55,600],[318,$Retained earnings,,$28,000],[319,$Dividends,$33,500,],[403,$Construction revenue,,$134,000],[612,$Depreciation expense$-$Equipment,$0,],[623,$Wages expense,$49,000,],[633,$Interest expense,$2,640,],[637,$Insurance expense,$0,],[640,$Rent expense,$13,000,],[652,$Supplies expense,$0,],[683,$Property taxes expense,$4,300,],[684,$Repairs expense,$2,400,],[690,$Utilities expense,$4,600,],[$Totals$,$$$268,700,$$$268,700]]$

Adjustments:

a$.$ Supplies available at the end of the current fiscal year total $$3,060.$

b$.$ Cost of expired insurance for the current fiscal year is $$3,465.$

c$.$ Annual depreciation on equipment is $$8,800.$

d$.$ June utilities expense of $$520$ is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $$520$ amount owed must be recorded.

e$.$ Employees have earned $$2,000$ of accrued and unpaid wages at fiscal year$-$end.

f$.$ Rent expense incurred and not yet paid or recorded at fiscal year$-$end is $$100.$

g$.$ Additional property taxes of $$600$ have been assessed for this fiscal year but have not been paid or recorded at fiscal year$-$end.

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