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.

ACE CONSTRUCTION COMPANY
Work Sheet
For Year Ended June 30
		Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance		Income Statement		Balance Sheet and Statement of Owner's Equity
Number	Account Title	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
101	Cash	$18,500
126	Supplies	8,000
128	Prepaid insurance	6,000
167	Equipment	136,220
168	Accumulated depreciationEquipment		29,500
201	Accounts payable		5,800
203	Interest payable
208	Rent payable
210	Wages payable
213	Property taxes payable
251	Long-term notes payable		28,000
301	V. Ace, Capital		81,000
302	V. Ace, Withdrawals	33,000
403	Construction revenue		132,000
612	Depreciation expenseEquipment
623	Wages expense	48,000
633	Interest expense	3,080
637	Insurance expense
640	Rent expense	12,000
652	Supplies expense
683	Property taxes expense	4,400
684	Repairs expense	2,700
690	Utilities expense	4,400
	Totals	$276,300	$276,300	$0	$0	$0	$0	0	0	0	0
	Net Income
	Totals							$0	$0	$0	$0

Check my work The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $57,000 on June 30 of the prior year, and the owner invested $24,000 cash during the current fiscal year. Credit Debit $ 18,500 8,000 6,000 136,220 $ 29,500 5,800 0 0 Number 101 126 128 167 168 201 203 208 210 213 251 301 302 403 612 623 633 637 640 652 683 684 690 ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Long-term notes payable V. Ace, Capital V. Ace, Withdrawals Construction revenue Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Repairs expense Utilities expense Totals 0 0 28,000 81,000 33,000 132,000 0 48,000 3,080 0 12,000 4,400 2,700 4,400 $ 276,300 $ 276,300 Check my work a. Supplies available at the end of the current fiscal year total $2,880. b. Cost of expired insurance for the current fiscal year is $3,780. c. Annual depreciation on equipment is $8,300. d. June utilities expense of $540 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $540 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 $700 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 of accrued interest for June has not yet been paid or recorded. Required: 1. 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. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30). 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C 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