Problem 4-3A Preparing a work sheet adjusting and closing entries, $35,000 cash in the company during the 2013 fiscal year The following unadjusted trial balance is for Ace Construction Co. as of the end of its 201u The June 30, 2012, credit balance of the owner's capital account was $53,660, and the and financial statements P1 P2 ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2013 5 101 Cash 126 Supplies 7 128 Prepaid insurance s 167 Equipment 9 168 Accumulated depreciation-Equipment 18.500 9,900 7200 132,000 s 26.250 201 Accounts payable 11 203 Interest payable 12 208 Rent payable 13 210 Wages payable 14 213 Property taxes payable 15 251 Long-term notes payable 16 301 V. Ace, Capital 25 ,000 88 860 302 V. Ace, Withdrawals 18 401 Construction fees eamed 19 612 Depreciation expense-Equipment 20 623 Wages expense 21 633 Interest expense 22 132.100 46.860 2,750 637 Insurance expense 23 640 Rent expense 24 652 Supplies expense 25 683 Property taxes expense 26634 Repairs expense 2910 5.890 278 810 sea- Completing the Accounting Cycle 1 Prepare and complete a 10-column work sheet for fiscal year 2013, starting with the unadjusted trial alance and including adjustments based on these additional facts a. The supplies available at the end of fiscal year 2013 had a cost of $3,300. b. The cost of expired insurance for the fiscal year is $3,800 c. Anual depreciation on equipment is $8,400. d. The June utilities expense of S650 is not included in the unadjusted trial balance because the bill armived after the trial balance was prepared. The $650 amount owed needs to be recorded. e. The t. The rent expense incurred and not yet paid or recorded at fiscal year-end is $500 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded in the accounts. he long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2013 fiscal year. The $250 accrued interest for June has not yet been paid or recorded. (The company is required to make a $5,000 puyment toward the note payable during the 2014 fiscal year.) tsng information from the completed 10-column work sheet in part 1.journalize the adjusting entries