sove EXIT Check my GL0403 - Based on Problem 4-2A Ace Construction Co. LO C3, P1, P2 The unadjusted trial balance for Ace Construction Co, as of June 30, 2019, the end of its fiscal year, is found on the trial balance tab. The June 30, 2018, credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2019 fiscal year. Information for adjustments is as follows: a. The supplies available at the end of fiscal year 2019 had a cost of $3,300. b. The cost of expired insurance for the fiscal year is $3,800. c. Annual depreciation on equipment is $8,400. d. The June utilities expense of $650 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $650 amount owed needs to be recorded. e. The company's employees have earned $1.800 of accrued and unpaid wages at fiscal year-end, f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $500. g. Additional property taxes of $1.000 have been assessed for this fiscal year but have not been paid or recorded in the accounts. h. The $250 accrued interest for June on the long-term notes payable has not yet been paid or recorded General General Requirement Income Trial Balance St Owners Journal Ledger Statement Equity Balance Sheet Post Closing General Journal tab. Prepare any necessary adjusting and closing entries for the current fiscal year, General Ledger tab ach 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 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 Owner's quity 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, Prov 1 of 1 !!! Next O BI here to search Credit Debit $ 18,580 9,900 7,200 132,000 $ 26, 250 6,800 e ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2019 No Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 218 Wages payable 213 Property taxes payable 251 Long term notes payable 301 V. Ace, Capital 302 V. Ace, Withdrawals 401 Construction fees earned 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Property taxes expense 684 Repairs expense 690 Utilities expense Totals e @ 25,000 88,660 33, cee 132,100 @ 46,860 2,750 12, een 3 7, see 2,910 5,890 $278,810 $278,810
