Saved Help Save & Ext Sul Ithis unadjusted trial balance is for Challenger Construction at the end of its fiscal year, September 30, 2020. The beginning balance the owner's capital account was $46,000 and the owner invested another $25,000 cash in the company during the year. Challenger Construction Unadjusted Trial Balance September 30, 2020 No. Account 101 Cash 126 Supplies 128 Prepaid insurance 149 Land not currently used in operations 167 Equipment 168 Accumulated depreciation, Equipment 191 Copyright 201 Accounts payable 203 Interest payable 210 Wages payable 251 Long-term notes payable 301 Chris Challenger, capital 302 Chris Challenger, withdrawals 401 Construction revenue 612 Depreciation expense, equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Business taxes expense 684 Repairs expense 690 Utilities expense Totals Unadjusted Trial Balance Dr. Cr. $ 22,000 17,200 9,600 50,000 106,000 $ 40,500 6,000 8,100 0 0 50,000 71,000 68,000 255,620 0 96,000 1,200 0 26,400 0 10,000 5,020 7,800 $425, 220 $425, 220 Additional information: Chapter 4 F%252Fnewconnect... * To Saved Help Save & Exit Additional information: Submi a. The inventory of supplies at the end of the year had a cost of $3,200. b. The cost of expired insurance for the year is $8,400. c. Annual depreciation of the equipment is $17,600. d. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $750 amount needs to be recorded. e. The company's employees have earned $4,200 of accrued wages. f. The interest expense of $20 for September has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for fiscal 2020, starting with the unadjusted trial balance and including the above additional facts: CHALLENGER CONSTRUCTION Work Sheet For Year Ended September 30, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Credit Debit Credit Debit Credit Debe Credit No. 101 126 Debit $ 22.000 17,200 9,600 50,000 106,000 Account Cash Supplies Prepaid insurance Land not currently used in operation Equipment Accum. depreciation., equipment Copyright Accounts payable Interest payable 128 149 167 168 $ 40,500 6,000 1. 8,100 191 201 203 Help Save & Exit Submit No. Credit Debit 101 Credit Debit Credit Debit Credit 126 128 Debit $ 22.000 17200 9,600 50,000 106,000 149 167 168 191 $ 40,500 6,000 201 8,100 203 210 251 301 302 401 612 Account Cash Supplies Prepaid insurance Land not currently used in operation Equipment Accum. depreciation equipment Copyright Accounts payable Interest payable Wages payable Long-term notes payable Chris Challenger, capital Chris Challenger, withdrawals Construction revenue Depreciation, expense, equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Business taxes expense Repairs expense Utilities expense Totals 50,000 71,000 68,000 255,620 623 95,000 1.200 633 637 840 26,400 652 683 684 10,000 5.020 7,800 $ 425,220 $ 425,220 $ 690 0 $ 0 $ 0 $ $ 0$ Saved Help Sa For Year Ended September 30, 2020 nadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Debit Credit Credit Debit Credit Debit Credit Debit Credit Debit $ 22,000 17,200 9,600 50,000 106,000 $ 40,500 6,000 8,100 50,000 71,000 68,000 255,620 96,000 1.200 26,400 Help 2 2. Use the work sheet to prepare the adjusting and closing entries. View transaction list Journal entry worksheet ook